Day trade plan 7/25/2024

Overnight, gold prices met resistance in the 2425-30 range as expected and subsequently pulled back. This morning, short-term downward pressure increased, causing prices to break below the 2395 support level again. In the short term, attention should be paid to the possibility of further downward pressure, potentially opening a downside target area around the key 2350-2352 range. Bulls should closely monitor this area for potential support.

both long and short is possible for inter-day traders.


1. long around area 2350
2. short around area 2385