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27.09.202311:49 विदेशी मुद्रा विश्लेषण और समीक्षा: Technical analysis on Gold for September 27th, 2023.

Exchange Rates 27.09.2023 analysis

Red lines- bearish channel

blue lines- Fibonacci retracement levels

Gold price is trading below $1,900. Recently price got rejected at the upper channel boundary showing new signs of weakness. Price has now formed a new lower low as it moves lower towards the August lows around $1,884. Gold price remains vulnerable to more downside. Our next downside target is around $1,850-60 area. Daily trend remains bearish as price continues forming lower highs and lower lows. A new low below $1,884 is very possible to be seen this week. Nevertheless, at this point in time, we do not see much more downside potential in Gold. Traders should be getting ready for reversal signals.

*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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