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FX.co ★ Analysis of Gold for September 27, 2023 - Sellers in control

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Forex Analysis:::2023-09-27T07:51:05

Analysis of Gold for September 27, 2023 - Sellers in control

Technical analysis:

Analysis of Gold for September 27, 2023 - Sellers in control

Gold has been trading downside as I expected and the price has reached downside objective at $1.900. Anyway, I see potential for the further drop.

Due to the downside momentum and the downside trend, I see potential for the further drop towards next reference point.

Downside objective is set at the price of $1.885

RSI oscillator is showing downtrend condition with no evidence for the pullback.

Key resistance is set at the price of $1.903

Analyst InstaForex
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