Market Analysis of Gold on Thursday 12 January 2023

2023-01-12 03:34Fonte:BtcDana

Gold Intraday: intraday support around 1867.00.

 

Pivot:

1867.00

 

Our preference:

Long positions above 1867.00 with targets at 1886.00 & 1892.00 in extension.

 

Alternative scenario:

Below 1867.00 look for further downside with 1858.00 & 1850.00 as targets.

 

Comment:

The immediate trend remains up but the momentum is weak.

https://asset.onetrader.online/upload/file/1673452800000/1673494503164.gif

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