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Gold Intraday: key resistance at 1983.00.

2023-10-24
790

Pivot: 1983.00

Our preference: short positions below 1983.00 with targets at 1970.00 & 1964.00 in extension.

Alternative scenario: above 1983.00 look for further upside with 1990.00 & 1997.00 as targets.

Comment: as long as 1983.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1997.00

1990.00

1983.00

1980.00 Last

1970.00

1964.00

1957.00

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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