echnical Analysis of Daily Price Movement of Gold Commodity Asset, Monday August 28 2023.
August 28, 2023 7:23 am
In a few days, looks like Gold commodity asset will be appreciate upward along with the ongoing Mercury Retrograde phenomenon coupled with confirmation of price movements above the WMA (20) and deviations between price movements and the CCI Histogram indicator, then in the next few days Gold has the potential to test the 1946.33 level. If this level is successfully broken, then the 1986.98 level will become the next level to go to with the note that during the journey to these target levels there is no downward correction movement past the 1884.53 level because if this level is successfully broken down then all the bullish rally scenarios previously described will become invalid.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
In a few days, looks like Gold commodity asset will be appreciate upward along with the ongoing Mercury Retrograde phenomenon coupled with confirmation of price movements above the WMA (20) and deviations between price movements and the CCI Histogram indicator, then in the next few days Gold has the potential to test the 1946.33 level. If this level is successfully broken, then the 1986.98 level will become the next level to go to with the note that during the journey to these target levels there is no downward correction movement past the 1884.53 level because if this level is successfully broken down then all the bullish rally scenarios previously described will become invalid.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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