Main Quotes Calendar Forum
flag

FX.co ★ Analysis of Gold for June 27, 2023 - Potential for the breakout of the triangle pattern

parent
Forex Analysis:::2023-06-27T08:43:47

Analysis of Gold for June 27, 2023 - Potential for the breakout of the triangle pattern

Technical analysis:

Analysis of Gold for June 27, 2023 - Potential for the breakout of the triangle pattern

Gold has been trading sideways at the price of $1.925 and I see potential for the triangle pattern breakout.

Due to the breakout of the multi-day consolidation last week and the triangle pattern in creation in last few days, I see potential for the further drop in case of the breakout of the support at $1.920.

Downside objectives are set at the price of $1.910 and $1.900

Key resistance is set at the price of $1.933

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...