Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.
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DAILY MARKET NEWSLETTER
May 21, 2024
 
   
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
Gold Intraday: the downside prevails.
 
Pivot:
2432.00
 
Our preference:
Short positions below 2432.00 with targets at 2395.00 & 2381.00 in extension.
 
Alternative scenario:
Above 2432.00 look for further upside with 2450.00 & 2460.00 as targets.
 
Comment:
The RSI shows downside momentum.
 
Analyst Views Chart
 
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Silver Intraday: choppy.
 
Pivot:
32.50
 
Our preference:
Short positions below 32.50 with targets at 30.75 & 30.25 in extension.
 
Alternative scenario:
Above 32.50 look for further upside with 32.90 & 33.30 as targets.
 
Comment:
As long as 32.50 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
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