Market Analysis of Gold on Tuesday 9 August 2022

2022-08-09 09:53Source:BtcDana

Gold Intraday: towards 1804.00.

 

Pivot:

1779.00

 

Our preference:

Long positions above 1779.00 with targets at 1795.00 & 1804.00 in extension.

 

Alternative scenario:

Below 1779.00 look for further downside with 1771.00 & 1765.00 as targets.

 

Comment:

The RSI is bullish and calls for further advance.

https://asset.onetrader.online/upload/file/1659974400000/1660010148148.png

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