Market Analysis of Gold on Thursday 10 August 2023

2023-08-10 10:14Source:BtcDana

Gold Intraday: key resistance at 1924.00.

 

Pivot:

1924.00

 

Our preference:

Short positions below 1924.00 with targets at 1912.00 & 1907.00 in extension.

 

Alternative scenario:

Above 1924.00 look for further upside with 1932.00 & 1937.00 as targets.

 

Comment:

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

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