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Gold has been trading in sideways regime for many days in a row and I see potential for the rejection of the support and rotation play today.
Trading recommendation:
Key support zone is set at the price of $1.920 and watch for potential upside rotation of the zone.
In case of the rejection of the support zone, watch for buying opportunities with the upside objectives at $1.933 and $1.940
MACD is showing upside reading, which is sign that buyers are taking control...
Relevance up to 08:00 2023-01-31 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
