Analysis of Gold for June 09, 2023 – First upside objective reached and potential for further upside movement
June 9, 2023 7:23 am
Technical analysis:
Gold has been trading upside as I expected and the market reached first upside objective at price of $1.966. Anyway, I see potentia lfor the further upside continuation towards next reference points.
Due to the mid-long term upside trends and strong momentum to the upside in the background, I see potential for the further rally towards next reference point.
Next upside objective is set at the price of $1.982
MACD oscillator is showing neutral reading and potential for upside continuation..
Support cluster is set at the price of $1.940
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold
has been trading
upside
as I expected and the market reached first upside objective at price
of $1.966. Anyway, I see potentia lfor the further upside
continuation towards next reference points.
Due
to the mid-long term upside trends and strong momentum to the upside
in the background, I see potential for the further rally towards next
reference point.
Next
upside objective is set at the price of $1.982
MACD
oscillator is showing neutral reading and potential for upside
continuation..
Support
cluster is set at the price of $1.940
The material has been provided by InstaForex Company – www.instaforex.com
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