Gold Has Been Trading Upside And Has A Chance For The Further Growth
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Technical analysis:
Gold has been trading upside this morning as I expected and there is chance for the further growth towards upside references due to strong upside momentum.
Trading recommendation:
Due to the breakout of the key trading range and strong upside momentum, I see potential for the further growth towards upside references.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.870 and $1.876
MACD oscillator is showing fresh bull reading, which is sign that buyers are in control
Key support is set at the price of $1.826
Relevance up to 09:00 2023-01-05 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.
