Precious Metals: Is There Any Chance Of Gold Price Rising?| FXMAG.COM

Technical analysis:

Gold has been trading upside as I expected. The price is heeding towards first major upside objective. Trading recommendation: Due to the strong upside momentum and no signs for the reversal, I still see further rise on Gold. Watch for potential buying opportunities on the intraday dips with the upside objective at the price of $1.760 and $1.780. MACD oscillator is showing fresh bull momentum, which is sign that buyers are in control. Key support is set at the price of $1.750

Relevance up to 10:00 2022-08-26 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.

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