Gold Has Strong Support Zone At The Price Of $1.849
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Technical analysis:
Gold has been trading downside overnight and strong support zone at the price of $1.849 is on the test. Watch for the price action to around this key support zone to confirm further direction....
Trading recommendation:
In case of the rejection of the key support zone, watch for buying opportunities with the upside objectives at $1.858 and $1.863
In case of the downside breakout and hold below the support zone, watch for selling opportunities with the downside objective at $1.835
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Relevance up to 08:00 2023-01-06 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.
Read more: https://www.instaforex.eu/forex_analysis/307458
