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27.03.202306:23 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement Gold Commodity Asset, Monday March 27 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 27.03.2023 analysis

On the daily chart, Gold commodity asset seems appear after broken below the level of 1959,23. Gold will return corrected below where this things confirmed by:

1. The Appearance of Bearish Divergent Bar (WS.1).

2. Hold by the level are Bearish Rejection Block (Yellow Rectangle).

Based on these two facts, Gold has the potential to depreciated below to the level 1909,13 up to the level of 1885,50, after that it will turn back up in the next few days but if the decline exceeds the level of 1804.30 it is certain that the Bull condition that is currently happening in Gold will be restrained for some time.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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