Market Analysis of GOLD on Friday 21 October 2022

2022-10-21 09:51Source:BtcDana

Gold Intraday: under pressure.

 

Pivot:

1637.00

 

Our preference:

Short positions below 1637.00 with targets at 1621.00 & 1610.00 in extension.

 

Alternative scenario:

Above 1637.00 look for further upside with 1645.00 & 1754.00 as targets.

 

Comment:

A break below 1621.00 would trigger a drop towards 1610.00.

https://asset.onetrader.online/upload/file/1666281600000/1666317099145.png

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