Market Analysis of Gold on Friday 12 August 2022

2022-08-12 09:45Source:BtcDana

Gold Intraday: choppy.

 

Pivot:

1797.00

 

Our preference:

Short positions below 1797.00 with targets at 1783.00 & 1778.00 in extension.

 

Alternative scenario:

Above 1797.00 look for further upside with 1802.00 & 1808.00 as targets.

 

Comment:

The RSI lacks momentum.

https://asset.onetrader.online/upload/file/1660233600000/1660268860339.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.


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