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21.08.202310:33 विदेशी मुद्रा विश्लेषण और समीक्षा: Analysis of Gold for August 21, 2023 - Sellers in control

Technical analysis:

Exchange Rates 21.08.2023 analysis

Gold has been trading in the sideways range at the price of $1.887 but in the downside trending condition, which is a sign for potential downside continuation.

Due to the series of the lower highs and lower lows and in the downside channel, I see potential for the further drop towards the next lower reference.

Downside objective is set at the price of $1.860

Stochastic oscillator is showing lower reading, which no clear evidence for the further upside rotation.

Intraday resistance is set at the price of $1.903

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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