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11.07.202310:47 Forex Analysis & Reviews: Analysis of Gold for July 11, 2023 - Breakout of the resistance cluster

Technical analysis:

Exchange Rates 11.07.2023 analysis

Gold has been trading upside this morning and I found breakout of the key resistance cluster at the price of $1.934

Due to the upside intraday momentum and the breakout of the resistance cluster I see potential for the further growth towards upside reference.

Upside objective is set at the price of $1.967

MACD oscillator is showing fresh upside momentum, which is good confirmation for the further growth.

Support is set at the price of $1.900

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Petar Jacimovic,
Analytical expert of InstaSpot
© 2007-2025
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