empty
 
 
29.09.2023 10:06 AM
Analysis of Gold for September 29, 2023 - Resistance on the test

Technical analysis:

This image is no longer relevant

Gold has been trading upside this morning but I found that intraday resistance at the price of $1.872-$1.875 is on the test.

Due to the strong downside trend in the background and morning rally, I see potential for the further drop towards lower reference.

Downside objective is set at the price of $1.858

RSI oscillator is showing negative reversal, which is good sign for the further drop

Intraday resistance area is set at $1.872-$1.875

Recommended Stories

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.