Market Analysis of Gold on Friday 09 May 2025

2025-05-09 10:02Source:BtcDana

Gold Intraday: key resistance at 3345.00.

 

Pivot:

3345.00

 

Our preference:

Short positions below 3345.00 with targets at 3288.00 & 3272.00 in extension.

 

Alternative scenario:

Above 3345.00 look for further upside with 3368.00 & 3392.00 as targets.

 

Comment:

As long as the resistance at 3345.00 is not surpassed, the risk of the break below 3288.00 remains high.

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