Analysis of Gold for September 01, 2023 – Buyers in control and potential for the further upside continuation
September 1, 2023 7:22 am
Technical analysis:
Gold has been trading downside in the past 24 hours at the price of $1.939 but I see potential for the completion of the downside correction and further upside movement.
Due to the short-term upside trend ad the light pullbacks in the background, I see potential for the further growth towards upside references.
Upside objectives are set at the price of $1.969 and $1.982
MACD oscillator is showing strong momentum in the background, which is good sign for the further upside continuation.
Intraday support level is set at the price of $1.937-$1.934
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
Gold has been trading downside in the past 24 hours at the price of $1.939 but I see potential for the completion of the downside correction and further upside movement.
Due to the short-term upside trend ad the light pullbacks in the background, I see potential for the further growth towards upside references.
Upside objectives are set at the price of $1.969 and $1.982
MACD oscillator is showing strong momentum in the background, which is good sign for the further upside continuation.
Intraday support level is set at the price of $1.937-$1.934
The material has been provided by InstaForex Company – www.instaforex.com
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