Main Quotes Calendar Forum
flag

FX.co ★ Analysis of Gold for July 11, 2023 - Breakout of the resistance cluster

parent
Forex Analysis:::2023-07-11T08:47:13

Analysis of Gold for July 11, 2023 - Breakout of the resistance cluster

Technical analysis:

Analysis of Gold for July 11, 2023 - Breakout of the resistance cluster

Gold has been trading upside this morning and I found breakout of the key resistance cluster at the price of $1.934

Due to the upside intraday momentum and the breakout of the resistance cluster I see potential for the further growth towards upside reference.

Upside objective is set at the price of $1.967

MACD oscillator is showing fresh upside momentum, which is good confirmation for the further growth.

Support is set at the price of $1.900

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...