empty
 
 
24.03.2023 10:13 AM
Analysis of Gold for March 24,.2023 - Potential for the further upside movement

Technical analysis:

This image is no longer relevant

Gold has been trading upside and I see potential for the breakout of the bull flag pattern.

Due to the strong upside trend in the background and bull flag pattern in creation, I see potential for the upside continuation towards upper reference.

Upside objective is set at the price of $2.007

Stochastic oscillator is showing fresh bull cross, which is good sign for further upside movement.

Support is set at the price of $1.985

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback