Gold daily analysis 28.02.2023

Gold made a new low yesterday and is testing the upper boundary of value zone at 1818. If Gold is able to close above this level in 4 hour chart then we can see some bulls. Otherwise we can expect trend reversal when Gold makes low near 1792. There is a strong support at this.

To reverse the trend to bullish gold has to make a higher high above 1825. The next strong resistance is near 1854.

BUY 1796 TP 1834
BUY 1806 TP 1824
BUY 1816 SL 1808 TP 1824