Technical analysis:
Gold has been trading upside as I expected and the price has reached many upsice objectives and there still chances for the higher prices.
Trading recommendation:
Due to the strong upside pressure and short-term trend in the background, I see potential for further upside movement after the downside correction.
Watch for the potential buying opportunities on the dips with the next main upside objective at $1.900
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.825
Relevance up to 09:00 2023-01-10 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.
