Market Analysis of Gold on Monday 8 August 2022

2022-08-08 09:53Source:BtcDana

Gold Intraday: target 1759.00.

 

Pivot:

1784.00

 

Our preference:

Short positions below 1784.00 with targets at 1765.00 & 1759.00 in extension.

 

Alternative scenario:

Above 1784.00 look for further upside with 1789.00 & 1795.00 as targets.

 

Comment:

As long as the resistance at 1784.00 is not surpassed, the risk of the break below 1765.00 remains high.

https://asset.onetrader.online/upload/file/1659888000000/1659923654759.png

This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading Central and BTCDana & Forexdana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.

More