Market Analysis of GOLD on Thursday 27 October 2022

2022-10-27 09:48Source:BtcDana

Gold Intraday: bullish bias above 1657.00.

 

Pivot:

1657.00

 

Our preference:

Long positions above 1657.00 with targets at 1674.00 & 1680.00 in extension.

 

Alternative scenario:

Below 1657.00 look for further downside with 1649.00 & 1643.00 as targets.

 

Comment:

The RSI is mixed with a bullish bias.

https://asset.onetrader.online/upload/file/1666800000000/1666835365796.png

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