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Gold has been trading downside at the price of $1.768. Anyway, I see potential for the further rally due to strong support on the test.
Due to the strong support and multi Fibonacci confluence on the test, I see potential for the further upside movement.
Watch for the potential buying opportunities with the upside objective at the price of $1.805
Stochastic Oscillator is showing oversold condition bull cross, which his good sign for further rally.
Key support is set at the price of $1.760
Relevance up to 08:00 2022-12-07 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.
