Market Analysis of GOLD on Tuesday 4 October 2022

2022-10-04 09:50Source:BtcDana

Gold Intraday: further advance.

 

Pivot:

1686.00

 

Our preference:

Long positions above 1686.00 with targets at 1710.00 & 1720.00 in extension.

 

Alternative scenario:

Below 1686.00 look for further downside with 1674.00 & 1658.00 as targets.

 

Comment:

The RSI shows upside momentum.

https://asset.onetrader.online/upload/file/1664812800000/1664848274956.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