Gold (GC) Intra-day Analysis 07 Aug 2020

Further Advance

Our Pivot:2052.86

Our Preference: Buy above 2063.13 with strict stop loss of 2052.86 and target at 2081.59 and 2092.56.

Alternate Scenario: Downward penetration of 2052.86 will call for 2039.30.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.