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06.10.202314:42 विदेशी मुद्रा विश्लेषण और समीक्षा: Technical analysis on Gold for October 6th, 2023.

Exchange Rates 06.10.2023 analysis

Red lines- bearish channel medium- term

Black lines- short-term trend bearish channel

Gold price is trading around $1,812 making new lower lows. Trend remains bearish as price continues making lower lows and lower highs inside the black short-term downward sloping channel. Our near term target is at the lower red channel boundary around $1,790. Resistance by the black channel boundary is found at $1,823-25 area. As long as we trade below this level, bears will remain in full control of the trend. Bulls need to break above it in order to push higher towards $1,900. Medium-term trend remains bearish also as price is still inside the red downward sloping channel since May.

*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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