Market Analysis of GOLD on Wednesday 12 October 2022

2022-10-12 09:44Source:BtcDana

Gold Intraday: towards 1645.00.

 

Pivot:

1676.00

 

Our preference:

Short positions below 1676.00 with targets at 1654.00 & 1645.00 in extension.

 

Alternative scenario:

Above 1676.00 look for further upside with 1684.00 & 1691.00 as targets.

 

Comment:

The RSI is bearish and calls for further decline.

https://asset.onetrader.online/upload/file/1665504000000/1665539117161.png

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