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27.12.2022 09:50 AMTechnical 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
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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