Market Analysis of Gold on Monday 14 August 2023

2023-08-14 10:47Source:BtcDana

Gold Intraday: the downside prevails.

 

Pivot:

1921.00

 

Our preference:

Short positions below 1921.00 with targets at 1910.00 & 1904.00 in extension.

 

Alternative scenario:

Above 1921.00 look for further upside with 1927.00 & 1932.00 as targets.

 

Comment:

As long as the resistance at 1921.00 is not surpassed, the risk of the break below 1910.00 remains high.

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