Gold Gold Daily Video, September 06, 2023

[Sive Morten]

Good morning,

Gold is trying to close intraday gap around 1921 area. We suggest that retracement could once the gap will be filled:

 

[davedubai]

DRPO is not clear yet in 4H chart is spot gold. May be if current candle closes above 3/3 we see possible downside to XOP and then if the next candle closes above we have potential buy. Buying now is risk as uncompleted target of 1869 is slowly inching near. If Today's close near 1900 will attract more conservative bulls to position there near 1869.
However in below chart third candle from right has not clearly close above the 3/3 so i believe it is not DRPO buy as of now but downtrend to continue.
Appreciate your inputs on above.
Thanking you
Dave