Market Analysis of Gold on Thursday 18 May 2023

2023-05-18 09:10Source:BtcDana

Gold Intraday: key resistance at 1990.00.

 

Pivot:

1990.00

 

Our preference:

Short positions below 1990.00 with targets at 1975.00 & 1970.00 in extension.

 

Alternative scenario:

Above 1990.00 look for further upside with 1995.00 & 2001.00 as targets.

 

Comment:

As long as the resistance at 1990.00 is not surpassed, the risk of the break below 1975.00 remains high.Analyst Views Chart

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