Analysis of Gold for May 15, 2023 – Key support at the price of $2.000 held successfully
May 15, 2023 8:23 am
Technical analysis:
Gold has been trading upside this morning and I found rejection of the support level at $2.000, which is good sign for the further rise.
Due to the strong upside cycle on the Gold and the rejection of the support at $2.000, I see potential for the further growth towards upside references.
Upside objectives are set at the price of $2.045 and $2.080
Stochastic oscillator is showing fresh bull cross, which is another good sign for the further upside movement.
Key support is set at the price of $2.000
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 support level at $2.000,
which is good sign for the further rise.
Due
to the strong
upside cycle on the Gold and the rejection of the support at $2.000,
I see potential for the further growth towards upside references.
Upside
objectives are set at the price of $2.045 and $2.080
Stochastic
oscillator is showing fresh bull
cross, which is another good sign for the further upside
movement.
Key
support
is set at the price of $2.000
The material has been provided by InstaForex Company – www.instaforex.com
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