Market Analysis of Gold on Thursday 6 July 2023

2023-07-06 10:26Source:BtcDana

Gold Intraday: key resistance at 1925.00.

 

Pivot:

1925.00

 

Our preference:

Short positions below 1925.00 with targets at 1910.00 & 1905.00 in extension.

 

Alternative scenario:

Above 1925.00 look for further upside with 1930.00 & 1935.00 as targets.

 

Comment:

As long as the resistance at 1925.00 is not surpassed, the risk of the break below 1910.00 remains high.

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