Analysis of Gold for April 03, 2023 – Breakout of the triangle pattern to the downside
April 3, 2023 8:22 am
Technical analysis:
Gold has been trading downside this morning and I found breakout of the triangle pattern in the background, which is good sign for the further downside movement.
Due to the breakout of the triangle pattern and strong downside momentum, I see potential for the further downside movement.
Downside objectives are set at $1.932 and $1.900
MACD is showing bearish reading, which is good sign for the further drop….
Key resistance is set a the price of $1.985
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold has
been
trading downside this morning and I found breakout of the triangle
pattern in the background, which is good sign for the further
downside movement.
Due
to the breakout of the triangle pattern and strong downside momentum,
I see potential for the further downside movement.
Downside
objectives are set at $1.932 and $1.900
MACD
is showing bearish reading, which is good sign for the further
drop….
Key
resistance is set a the price of $1.985
The material has been provided by InstaForex Company – www.instaforex.com
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