Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday April 23, 2024.
April 23, 2024 7:22 am
With the appearance of Bearish 123 pattern which followed by the intersection of Death Cross from MA 20 with MA 50 give the sufficient information if this commodity asset in the near future has the potential to depreciated weakness downward to the level 2257,30 as the main target, and if the momentum as well as the volatility is supporting then the level of 2216,56 will be the next target to be aimed, but all the scenario will become invalid if on the way to those targets suddenly there is a strengthening correction which breaks above the level 2430,98.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
With the appearance of Bearish 123 pattern which followed by the intersection of Death Cross from MA 20 with MA 50 give the sufficient information if this commodity asset in the near future has the potential to depreciated weakness downward to the level 2257,30 as the main target, and if the momentum as well as the volatility is supporting then the level of 2216,56 will be the next target to be aimed, but all the scenario will become invalid if on the way to those targets suddenly there is a strengthening correction which breaks above the level 2430,98.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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