Analysis of Gold for April 21, 2023 – Test of the key support zone and potential for the reaction up
April 21, 2023 11:51 am
Technical analysis:
Gold has been trading downside this morning but the key support cluster at the price of $1.982 is on the test.
Due to the test of the key support in the strong upside trend in the background, I see potential for the further upside movement towards upside references.
Upside objectives are set at the price of $2.013 and $2.045
MACD oscillator is showing bullish divergence, which is good sign for the further upside movement.
Key support is set at the price of $1.980
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold has
been
trading
downside
this
morning but the key support cluster at the price of $1.982 is on the
test.
Due
to the test
of the key support in the strong upside trend in the background, I
see potential for the further upside movement towards upside
references.
Upside
objectives are set at the price of $2.013
and $2.045
MACD
oscillator is showing
bullish
divergence, which is good sign for the further upside movement.
Key
support
is set at the price of $1.980
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: