FX.co ★ Analysis of Gold for June 27, 2023 - Potential for the breakout of the triangle pattern

Technical analysis:

Gold has been trading sideways at the price of $1.925 and I see potential for the triangle pattern breakout.

Due to the breakout of the multi-day consolidation last week and the triangle pattern in creation in last few days, I see potential for the further drop in case of the breakout of the support at $1.920.

Downside objectives are set at the price of $1.910 and $1.900

Key resistance is set at the price of $1.933