Market Analysis of Gold on Wednesday 08 August 2025

2025-08-06 10:00Source:BtcDana

Gold Intraday: bullish bias above 3365.00.

 

Pivot:

3365.00

 

Our preference:

Long positions above 3365.00 with targets at 3390.00 & 3410.00 in extension.

 

Alternative scenario:

Below 3365.00 look for further downside with 3350.00 & 3340.00 as targets.

 

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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