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Forexmart's analytical reviews provide up-to-date technical information about the financial market. These reports range from stock trends, to financial forecasts, to global economy reports, and political news that impact the market.

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

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 is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.