FX.co ★ Analysis of Gold for June 26, 2023 - Key resistance zone on the test

Technical analysis:

Gold has been trading upside this morning and I found that key-resistance zone at the price of $1.932 is on th test.

Due to the test phase of the resistance at $1.935, I see potential for rejection or rally towards upper references.

In case of the rejection of the resistance zone, there is chance for the downside movement towards $1.910

In case of the upside movement above the $1.935, there is the chance for the upside movement towards $1.966