FX.co - Analysis of Gold for June 23, 2023 - Key resistance zone on the test

2023-06-23T11:25:12

Relevance until2023-06-24

Technical analysis:

Analysis of Gold for June 23, 2023 - Key resistance zone on the test

Gold has been trading upside this morning but I found key pivot zone at the price of $1.920-$1.924 on the test.

In case of the rejection of the key resistance zone, I see potential for the downside movement towards $1.900

In case of the upside breakout of the zone at $1.924, there is potential for the growth towards $1.937

Gold is still trading inside of the downside channel...

*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 June 23, 2023 - Key resistance zone on the test