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Gold has been trading upside in the background and I found breakout of the supply trend-line and recent swing highs, which is good sign for further rally.
Due to the strong upside momentum yesterday on Gold, I see potential for further upside movement.
Watch for the potential buying opportunities on the intraday dips with the key support at $1.640
Upside objective is set at the price of $1.661
Stochastic oscillator is showing bullish divergence and extreme downside condition, which is good sign for further rally.
Relevance up to 09:00 2022-09-30 UTC+2 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.
