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Gold intraday: the upside prevails as long as 1825 is support
2023-10-08
479
Our pivot point stands at 1825.00.
Our preference: the upside prevails as long as 1825 is support.
Alternative scenario: below 1825.00, expect 1819.00 and 1816.00.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Gold is trading above both its 20 and 50 period moving average (respectively at 1827.30 and 1823.80).
Supports and resistances:
1847.00 **
1843.50 *
1840.00 **
1836.50
1829.60 last
1827.00
1825.00 **
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