Gold Has A Potential For The Upside Continuation
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Technical analysis:
Gold has been trading sideways at the price of $1.880 but I see potential for the upside continuation and the breakout play.
Trading recommendation:
Due to the trading range condition, I see potential for the breakout play to the upside towards the upper reference.
Watch for the potential buying opportunities with the upside objective at $1.900.
Stochastic oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.868
Relevance up to 09:00 2023-01-13 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.
