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Gold Intraday Analysis: Targeting 2585.00 (READ DESCRIPTION)
Gold Intraday Analysis: Targeting 2585.00
Pivot Point:
2545.00
Primary Strategy (My Preference):
Consider initiating long positions above the key pivot of 2545.00. Upside targets include 2585.00 as the initial level, followed by an extended move towards 2600.00.
Alternative:
In the event the price drops below 2545.00, anticipate further downside pressure with targets set at 2537.00 and 2527.00.
Technical Outlook:
The RSI indicates strong upside momentum, suggesting further potential for gains toward 2585.00. Traders should monitor the 2545.00 level as a key support for continued bullish movement.
Pivot Point:
2545.00
Primary Strategy (My Preference):
Consider initiating long positions above the key pivot of 2545.00. Upside targets include 2585.00 as the initial level, followed by an extended move towards 2600.00.
Alternative:
In the event the price drops below 2545.00, anticipate further downside pressure with targets set at 2537.00 and 2527.00.
Technical Outlook:
The RSI indicates strong upside momentum, suggesting further potential for gains toward 2585.00. Traders should monitor the 2545.00 level as a key support for continued bullish movement.
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