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سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

27.09.202311:49 Forex Analysis & Reviews: Technical analysis on Gold for September 27th, 2023.

Exchange Rates 27.09.2023 analysis

Red lines- bearish channel

blue lines- Fibonacci retracement levels

Gold price is trading below $1,900. Recently price got rejected at the upper channel boundary showing new signs of weakness. Price has now formed a new lower low as it moves lower towards the August lows around $1,884. Gold price remains vulnerable to more downside. Our next downside target is around $1,850-60 area. Daily trend remains bearish as price continues forming lower highs and lower lows. A new low below $1,884 is very possible to be seen this week. Nevertheless, at this point in time, we do not see much more downside potential in Gold. Traders should be getting ready for reversal signals.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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