Analysis of Gold for June 06, 2023 – First upside objective reached nad potential for the further rally
June 6, 2023 7:23 am
Technical analysis:
Gold has been trading upside as I expected. The market reached first upside objective at $1.960 and I see potential for the further rally towards next upside objectives.
Due to the mid-long term upside trend and the shallow pullback, I see potential for the further rally towards upside references.
Next upside objectives are set at $1.968 and $1.975
Stochastic oscillator is showing oversold condition, which is good sign for the further upside movement.
Intrtaday support is set at the price of $1.955
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold
has been trading upside
as I expected. The market reached first upside objective at $1.960
and I see potential for the further rally towards next upside
objectives.
Due
to the mid-long term upside trend and the shallow pullback, I see
potential for the further rally towards upside references.
Next
upside objectives are set at $1.968 and $1.975
Stochastic oscillator is showing oversold condition, which is good sign for the
further upside movement.
Intrtaday
support is set at the price of $1.955
The material has been provided by InstaForex Company – www.instaforex.com
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