Market Analysis of Gold on Monday 25 September 2023

2023-09-25 10:43Source:BtcDana

Gold Intraday: the bias remains bullish.

 

Pivot:

1919.00

 

Our preference:

Long positions above 1919.00 with targets at 1930.00 & 1935.00 in extension.

 

Alternative scenario:

Below 1919.00 look for further downside with 1913.00 & 1906.00 as targets.

 

Comment:

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

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