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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

GOLD 23.5.2023

Technical Analysis
Tuesday, May 23, 2023 - 10:57
Point Trader Group
GOLD 23.5.2023

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

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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