Gold Is Showing Fresh Upside Momentum
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Technical analysis:
Gold has been trading upside and I found the breakout of the well defined trading range, which is good sign for the further growth.
Trading recommendation:
Due to the breakout of the defined trading range to the upside, I see potential for the further growth towards the upside reference.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.870
MACD oscillator is showing fresh upside momentum, which is good sign for the further upside movement.
Key support is set at the price of $1.823
Relevance up to 09:00 2023-01-04 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.
