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27.01.202310:21 Forex Analysis & Reviews: Analysis for Gold for January 27, 2023 - Potential for the upside movement

Technical analysis:

Exchange Rates 27.01.2023 analysis

Gold has been trading downside and the price is testing the key support zone at the price of $1.919. There is the chance for the upside rotation.

Trading recommendation:

Due to the test of the strong support zone at the price of $1.919, I see potential for the further upside movement towards upside zone.

Watch for the potential buying opportunities with the upside objectives at $1.933 and $1.940.

Stochastic oscillator is showing bullish divergence and oversold condition, which is sign that buyers can join...

Key support is set at the price of $1.919

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert of InstaSpot
© 2007-2025
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