Market Analysis of Gold on Friday 7 July 2023

2023-07-07 10:15Source:BtcDana

Gold Intraday: key resistance at 1917.00.

 

Pivot:

1917.00

 

Our preference:

Short positions below 1917.00 with targets at 1902.00 & 1896.00 in extension.

 

Alternative scenario:

Above 1917.00 look for further upside with 1921.00 & 1927.00 as targets.

 

Comment:

As long as the resistance at 1917.00 is not surpassed, the risk of the break below 1902.00 remains high.

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