Market Analysis of Gold on Tuesday 16 May 2023

2023-05-16 04:34Fonte:BtcDana

Gold Intraday: intraday support around 2008.00.

 

Pivot:

2008.00

 

Our preference:

Long positions above 2008.00 with targets at 2022.00 & 2032.00 in extension.

 

Alternative scenario:

Below 2008.00 look for further downside with 2001.00 & 1995.00 as targets.

 

Comment:

The RSI lacks downward momentum.

Mais