Market Analysis of Gold on Wednesday 29 March 2023

Gold Intraday: target 1987.00.

Pivot:

1962.00

Our preference:

Long positions above 1962.00 with targets at 1979.00 & 1987.00 in extension.

Alternative scenario:

Below 1962.00 look for further downside with 1956.00 & 1948.00 as targets.

Comment:

The RSI is bullish and calls for further upside.