Chapter 2 Gold Intraday: intraday support around 1706.00.
Gold Intraday: intraday support around 1706.00.
Pivot: 1706.00
Our preference: long positions above 1706.00 with targets at 1718.00 & 1723.00 in extension.
Alternative scenario: below 1706.00 looks for further downside with 1700.00 & 1694.00 as targets.
Comment: a support base at 1706.00 has formed and has allowed for a temporary stabilization.
Supports and resistances:
1728.00
1723.00
1718.00
1712.90 Last
1706.00
1700.00
1694.00
