FX.co ★ Analysis of Gold for September 08, 2023 - Key resistance on the test

Technical analysis:

Gold has been trading upside today and I found test of the key resistance zone at the price of $1.927. There is the chance for the downside reaction.

In case of the rejection of the resistance at the price of $1.927, I see potential for the further downside movement towards lower reference at $1.916

In case of the upside breakout of resistance zone, I see potential for the further rally towards $1.934