FX.co - Analysis of Gold for March 27,.2023 - Key support zone at the price of $1.968 on the test

2023-03-27T07:12:25

Relevance until2023-03-28

Technical analysis:

Analysis of Gold for March 27,.2023 - Key support zone at the price of $1.968 on the test

Gold has been trading downside this morning but I see that support zone at the price of $1.967 is on the test.

In case of the rejection of the support zone, I see potential upside movement towards $1.967

In case of the breakout of the support zone, I see potential downside movement towards $1.954

Botch Oscillators Stochastic and MACD have bullish divergence, which is positive sign for the upside rotation.

*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 27,.2023 - Key support zone at the price of $1.968 on the test