FX.co ★ Technical Analysis of Intraday Price Movement of Gold Commodity Asset,Wednesday, March 13 2024.

With the appearance of a deviation pattern between the movement of gold commodity asset prices and the AMCD and Stochastic Oscillator indicators and also confirmed by the movement of Gold prices which move below WMA 30 Shift 2 which also has a downward slope, then in the near future Gold has the potential to weaken downwards to test the level 2149.96, if this level is successfully broken, the weakening of Gold will continue down to level 2130.11, however, if on its way to these targets suddenly there is a strong correction, especially beyond the level of 2175.97, then the weakening scenario described previously will become invalid and cancels itself.

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