Gold Market Prediction (06/05/2024)

Nexus Gold
1 min readMay 6, 2024

Please keep in mind data releases and political updates today.

Scenario 1: long positions above 2308 to target 2320 and 2328.

Scenario 2: short positions below 2308 to target 2300 and 2292.

Pivot: 2313.

Resistances: 2320 / 2328 / 2336.

Supports: 2308 / 2300 / 2292.

Comment: the RSI lacks decline momentum.

Disclaimer: This report and the following updates are analysis only, not investment advice.

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