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Analysis of Gold for September 22, 2023 - Key resistance cluster on the test
03:57 2023-09-22 UTC--4
Exchange Rates analysis

Technical analysis:

Gold has been trading upside this morning but I see strong resistance cluster at the price of $1.929 and there is the chance for rejection or the breakout continuation.

In case of the rejection of the resistance cluster, there is the chance for the downside movement towards lower references at $1.921 and $1.918

In case of the upside breakout of the resistance cluster there is the chance for the higher price towards upside reference at $1.936

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.