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Table of contents

  1. Technical analysis:
    1. Trading recommendation:

      Technical analysis:
      according to analyst gold has a potential for the further growth grafika numer 1according to analyst gold has a potential for the further growth grafika numer 1

      Gold has been trading upside and I found breakout of the defined trading range to the upside, which is good sign for the further rally.

      Trading recommendation:

      Due to the breakout of the resistance zone and hold above this key level, I see potetnial for the further growth towards next upside objective.

      Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.832

      Key support is set at the price of $1.818

       

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      Relevance up to 10:00 2023-01-03 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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      Read more: https://www.instaforex.eu/forex_analysis/306996


      Peter Jacimovic

      Peter Jacimovic

      Analytical expert of InstaForex © 2007-2022

      Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


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