Market Analysis of Gold on Friday 5 August 2022

2022-08-05 13:08Source:BtcDana

Gold Intraday: further advance.

 

Pivot:

1777.00

 

Our preference:

Long positions above 1777.00 with targets at 1804.00 & 1813.00 in extension.

 

Alternative scenario:

Below 1777.00 look for further downside with 1765.00 & 1754.00 as targets.

 

Comment:

The RSI shows upside momentum.

https://asset.onetrader.online/upload/file/1659628800000/1659674526895.png

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