With the price movement of the Gold commodity asset moving in the Bullish Pitchfork channel and above the Moving Average and the CCI indicator still moving above the 0-100 level, it is certain that Buyers are still siding with Gold on their daily chart so that in the coming days Gold will try to break above the 1832.80 level if this level is successfully broken above then Gold has the potential to continue strengthening up to the 1878.94 level as long as it is on its way to these targets there will be no downside correction which exceeds the 1765.36 level because if this level is successfully broken down then a potential rally is certain going up above that has been described previously will cancel by itself.
Relevance up to 03:00 2023-01-08 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
