FX.co ★ Analysis of Gold for June 14, 2023 - Support cluster on the test

Technical analysis:

Gold has been trading sideways at the price of $1.945 and there is potential for rejection or the breakout of the support.

Due to the sideways market and support at the price of $1.940 on test, pay attention on the price action around this key support.

In case of the downside breakout of the support, I see potential for the downside movement towards $1.910.

In case of the rejection of the support zone, I see potential for the rally towards $1.971 and $1.984