Gold – Intraday outlook 5/10/2024

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Pivot: 2338.00

Preferred scenario: Long positions above 2338.00 with a target at 2363.00 and then up to 2374.00.

Alternative scenario: Below 2338.00, a drop to 2329.00 and further to 2319.00 is likely.

Comment: The RSI indicator indicates increasing momentum.

Supports and Resistances:

  • 2380.00
  • 2374.00
  • 2363.00
  • 2353.59 – last value
  • 2338.00
  • 2329.00
  • 2319.00

Source: Copyright 1999 – 2024 TRADING CENTRAL

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