Analysis of Gold for June 27, 2023 – Potential for the breakout of the triangle pattern
June 27, 2023 9:23 am
Technical analysis:
Gold has been trading sideways at the price of $1.925 and I see potential for the triangle pattern breakout.
Due to the breakout of the multi-day consolidation last week and the triangle pattern in creation in last few days, I see potential for the further drop in case of the breakout of the support at $1.920.
Downside objectives are set at the price of $1.910 and $1.900
Key resistance is set at the price of $1.933
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold
has been trading
sideways at the price of $1.925 and I see potential for the triangle
pattern breakout.
Due
to the breakout of the multi-day consolidation last week and the
triangle pattern in creation in last few days, I see potential for
the further drop in case of the breakout of the support at $1.920.
Downside objectives are set at the price of $1.910 and $1.900
Key
resistance is set at the price of $1.933
The material has been provided by InstaForex Company – www.instaforex.com
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