01.02.2023 10:20 AMTechnical analysis:
Gold has been trading upside as I expected and the price has reached my two objectives at $1.9112 and $1.918.
Trading recommendation:
Due to the strong upside pressure in the background and rejection of the key support zone at $1.900, I see potential for the further growth.
Watch for the potential buying on the intraday dips with the upside objective at $1.949.
MACD Oscillator is showing upside reading, which is good sign that buyers are in control.
Key support is set at the price of$1.900
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
