Market Analysis of Gold on Monday 6 November 2023

2023-11-06 10:15Source:BtcDana

Gold Intraday: the bias remains bullish.

 

Pivot:

1984.00

 

Our preference:

Long positions above 1984.00 with targets at 1995.00 & 2000.00 in extension.

 

Alternative scenario:

Below 1984.00 look for further downside with 1978.00 & 1970.00 as targets.

 

Comment:

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

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