Gold Intraday Analysis (READ DESCRIPTION)

3 dni temuGold Intraday Analysis: Upside Momentum Prevails

Pivot Point:
2565.00

Primary Strategy (My Preference):
Consider initiating long positions above the key pivot of 2565.00. Upside targets include 2600.00 as the initial level, followed by an extended move towards 2615.00.

Alternative Strategy:
In the event the price drops below 2565.00, anticipate further downside pressure with targets set at 2554.00 and 2544.00.

Technical Outlook:
The RSI suggests further upward movement, supporting the potential for continued bullish momentum. Traders should monitor the 2565.00 level for key support.