Market Analysis of GOLD on Wednesday 26 October 2022

2022-10-26 09:48Source:BtcDana

Gold Intraday: bullish bias above 1644.00.

 

Pivot:

1644.00

 

Our preference:

Long positions above 1644.00 with targets at 1662.00 & 1670.00 in extension.

 

Alternative scenario:

Below 1644.00 look for further downside with 1634.00 & 1624.00 as targets.

 

Comment:

The RSI is mixed with a bullish bias.

https://asset.onetrader.online/upload/file/1666713600000/1666748906290.png

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