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24.03.2023 10:13 AM
Analysis of Gold for March 24,.2023 - Potential for the further upside movement

Technical analysis:

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Gold has been trading upside and I see potential for the breakout of the bull flag pattern.

Due to the strong upside trend in the background and bull flag pattern in creation, I see potential for the upside continuation towards upper reference.

Upside objective is set at the price of $2.007

Stochastic oscillator is showing fresh bull cross, which is good sign for further upside movement.

Support is set at the price of $1.985

Summary
Urgency
Analytic
Petar Jacimovic
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