GOLD 23.5.2023

Technical Analysis
Tuesday, May 23, 2023 - 10:57
Point Trader Group

General trend: up.

Expected scenario:

The pair is trading above a strong support level around 1950, which enhances chances of rising to 1970.

Alternative scenario:

The pair turns bearish, breaking 1950, targeting 1940-1930.

The most important levels

resistance:

1970 - 1980

to support:

1950 - 1940

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