Market Analysis of Gold on Monday 8 May 2023

2023-05-08 03:34Fonte:BtcDana

Gold Intraday: key resistance at 2030.00.

Pivot: 2030.00

Our preference:

Short positions below 2030.00 with targets at 2008.00 & 1999.00 in extension.

Alternative scenario:

Above 2030.00 look for further upside with 2044.00 & 2059.00 as targets.

Comment:

As long as the resistance at 2030.00 is not surpassed, the risk of the break below 2008.00 remains high.

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