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FX.co ★ Analysis of Gold for June 23, 2023 - Key resistance zone on the test

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Forex Analysis:::2023-06-23T11:25:12

Analysis of Gold for June 23, 2023 - Key resistance zone on the test

Technical analysis:

Analysis of Gold for June 23, 2023 - Key resistance zone on the test

Gold has been trading upside this morning but I found key pivot zone at the price of $1.920-$1.924 on the test.

In case of the rejection of the key resistance zone, I see potential for the downside movement towards $1.900

In case of the upside breakout of the zone at $1.924, there is potential for the growth towards $1.937

Gold is still trading inside of the downside channel...

Analyst InstaForex
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