Market Analysis of GOLD on Monday 24 October 2022

2022-10-24 09:50Source:BtcDana

Gold Intraday: bullish bias above 1645.00.

 

Pivot:

1645.00

 

Our preference:

Long positions above 1645.00 with targets at 1668.00 & 1678.00 in extension.

 

Alternative scenario:

Below 1645.00 look for further downside with 1634.00 & 1624.00 as targets.

 

Comment:

The break above 1645.00 is a positive signal that has opened a path to 1668.00.

https://asset.onetrader.online/upload/file/1666540800000/1666576266782.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