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17.03.2023 10:38 AM
Analysis of Gold for March 17,.2023 - Extreme bullish condiiton, potential for the downside movement

Technical analysis:

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Gold has been trading upside this morning and I see key resistance level at the price of $1.936 is on the test.

Due to the extreme upside condition and bear regime on the MACD oscillator, I see potential for the downside movement.

Downside objectives-are set at $1.910, $1.890 and $1.865

MACD oscillator is showing fresh bear regime, which is another sign for potential downside movement.

Key resistance is set at the price of $1.936

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