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28.12.202304:59 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Thursday December 28, 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 28.12.2023 analysis

Although currently Gold commodity assest still look strengthening where this is confirmed by the price movement which is above its Moving Average, but with the appearance of the Rising Wedge pattern and the deviation between price movement with Awesome Oscillator indicator, then in the near future, although gold will try to reach the level area of 2093.24-2107.79 but there is a potential for gold to fall down to its weakening up to the level of 2004.27, but this weakness potential will become invalid if the strengthen of gold still continue until it breaks above the level 2143.74.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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