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23.10.202310:30 Forex Analysis & Reviews: Analysis of Gold for October 23, 2023 - Rejection of the support zone

Technical analysis:

Exchange Rates 23.10.2023 analysis

Gold has been trading upside this morning and I found rejection of the support zone at $1.961 and there is the chance for the higher prices.

As long as the support zone around $1.957 can hold, higher prices might be in the play and the test of $1.997. The short-term trend is still to the upside.

In case of the downside breakout of the support at $1.1957, there is the chance for the downside movement towards lower reference at $1.937

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Petar Jacimovic,
Analytical expert of InstaSpot
© 2007-2024
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