Market Analysis of Gold on Friday 12 May 2023

2023-05-11 17:32Fonte:BtcDana

Gold Intraday: towards 1999.00.

 

Pivot:

2025.00

 

Our preference:

Short positions below 2025.00 with targets at 2008.00 & 1999.00 in extension.

 

Alternative scenario:

Above 2025.00 look for further upside with 2031.00 & 2041.00 as targets.

 

Comment:

The RSI is bearish and calls for further downside.

Mais