FX.co - Analysis of Gold for October 10, 2023

2023-10-10T09:44:55

Relevance until2023-10-11

Technical analysis:

Analysis of Gold for October 10, 2023 - Pivot level on the test

Gold has been trading upside in the background and support level at the price of $1.855 is on the test.

In case of the breakout of the resistance $1.862 and hold above, I see potential for the further rally towards $1.877. The RSI trend is bullish.

In case of the breakout of the support at $1.855 and hold below, there is the chance for the further drop towards the gap at $1.839

*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 October 10, 2023 - Pivot level on the test