Gold may fall to 2732.00 - 2742.00
BY Trading Central
|November 1, 2024Intraday: key resistance at 2761.00.
Pivot
2761.00
Our preference
Short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.
Alternative scenario
Above 2761.00 look for further upside with 2777.00 & 2790.00 as targets.
Comment
As long as the resistance at 2761.00 is not surpassed, the risk of the break below 2742.00 remains high.
Supports and resistances
2790.00
2777.00
2761.00
2753.00 Last
2742.00
2732.00
2717.00
Number of asterisks represents the strength of support and resistance levels.
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