FX.co - Analysis of Gold for March 03,.2023 - Key resistance zone on the test at $1.845

3 March 2023 at 8:54AM (UTC+0)

Relevance until4 March 2023 at 8:54AM (UTC+0)

Technical analysis:

Analysis of Gold for March 03,.2023 - Key resistance zone on the test at $1.845

Gold has been trading upside this morning but I found that resistance zone at the price of $1.845/47 is on the test.

In case of the rejection of the key resistance, I see possible rotation downside towards $.830

In case of the breakout of the resistance zone, I see potential for the upside movement towards $1.858/65.

Key resistance is set at the price of $1.845/47

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of Gold for March 03,.2023 - Key resistance zone on the test at $1.845