Market Analysis of Gold on Monday 4 September 2023

2023-09-04 10:54Source:BtcDana

Gold Intraday: key resistance at 1946.00.

 

Pivot:

1946.00

 

Our preference:

Short positions below 1946.00 with targets at 1934.00 & 1927.00 in extension.

 

Alternative scenario:

Above 1946.00 look for further upside with 1953.00 & 1960.00 as targets.

 

Comment:

As long as the resistance at 1946.00 is not surpassed, the risk of the break below 1934.00 remains high.

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