Analysis of Gold for August 14, 2023 – Rejection of the support at $1.910
August 14, 2023 9:22 am
Technical analysis:
Gold has been trading upside this morning and I found rejection of the intraday support at the price of $1.910, which is good sign for the further upside movement.
Due to the potential exhaustion of the sellers and rejection of the support at $1.910, I see potential for the further growth towards upside references.
Upside objectives are set at the price of $1.920 and $1.927
Stochastic oscillator is showing oversold condition and fresh bull cross, which is good sign for the further upside movement.
Intraday support is set at the price of $1.910
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold
has been trading upside
this morning and I found rejection of the intraday support at the
price of $1.910, which is good sign for the further upside movement.
Due
to the potential exhaustion of the sellers and rejection of the
support at $1.910, I see potential for the further growth towards
upside references.
Upside
objectives are set at the price of $1.920 and $1.927
Stochastic
oscillator is showing
oversold condition and fresh bull cross, which is good sign for the
further upside movement.
Intraday
support is set at the price of $1.910
The material has been provided by InstaForex Company – www.instaforex.com
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