Market Analysis of Gold on Tuesday 4 July 2023

2023-07-04 10:16Source:BtcDana

Gold Intraday: bullish bias above 1915.00.

 

Pivot:

1915.00

 

Our preference:

Long positions above 1915.00 with targets at 1925.00 & 1930.00 in extension.

 

Alternative scenario:

Below 1915.00 look for further downside with 1910.00 & 1904.00 as targets.

 

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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