Market Analysis of Gold on Wednesday 6 December 2023

2023-12-06 10:10Source:BtcDana

Gold Intraday: key resistance at 2030.00.

 

Pivot:

2030.00

 

Our preference:

Short positions below 2030.00 with targets at 2010.00 & 2000.00 in extension.

 

Alternative scenario:

Above 2030.00 look for further upside with 2041.00 & 2052.00 as targets.

 

Comment:

As long as the resistance at 2030.00 is not surpassed, the risk of the break below 2010.00 remains high.

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