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FX.co ★ Analysis of Gold for October 10, 2023 - Pivot level on the test

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Forex Analysis:::2023-10-10T09:44:55

Analysis of Gold for October 10, 2023 - Pivot level on the test

Technical analysis:

Analysis of Gold for October 10, 2023 - Pivot level on the test

Gold has been trading upside in the background and support level at the price of $1.855 is on the test.

In case of the breakout of the resistance $1.862 and hold above, I see potential for the further rally towards $1.877. The RSI trend is bullish.

In case of the breakout of the support at $1.855 and hold below, there is the chance for the further drop towards the gap at $1.839

Analyst InstaForex
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