Gold Has The Potential For The Further Upside Movement
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Technical analysis:
Gold has been trading upside as I expected and there is potential for the further growth.
Trading recommendation:
Due to the rejection of the rising trend-line and strong upside trend in the background, I see potential for the further growth.
Watch for the potential buying opportunities on the intraday dips with the first upside objective at the price of $1.821
Stochastic oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.783
Relevance up to 08:00 2022-12-28 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.
