Analysis of Gold for August 30, 2023 – First upside objective reached and potential for the futher grwoth
August 30, 2023 7:23 am
Technical analysis:
Gold has been upside as I expected and the price has reached the first upside objective around $1.940 and there is still chance for the further growth.
Due to the strong upside momentum and weak pullback, I see potential for the further growth towards upside references.
Upside objectives are set at the price of $1.950 and $1.970
MACD oscillator is showing fresh upside momentum, which is another sign for the further growth.
Resistance levels are set at $1.945, $1.952 and $1.970
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
Gold has been upside as I expected and the price has reached the first upside objective around $1.940 and there is still chance for the further growth.
Due to the strong upside momentum and weak pullback, I see potential for the further growth towards upside references.
Upside objectives are set at the price of $1.950 and $1.970
MACD oscillator is showing fresh upside momentum, which is another sign for the further growth.
Resistance levels are set at $1.945, $1.952 and $1.970
The material has been provided by InstaForex Company – www.instaforex.com
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