Gold Has Upside Trend In The Background, A Growth Is Expected| FXMAG.COM

Technical analysis:
Trading recommendation:

Technical analysis:

gold has upside trend in the background a growth is expected grafika numer 1

Gold has been trading upside as I expected and the price is trading near the first upside objective at $1.810. I still see potential for further growth due to the buyers in control and upside trend in the background.

Trading recommendation:

Due to the strong upside pressure in the background buyers in control, I see potential for the further upside movement.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $1.810 and $1.840.

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of $1.765

Relevance up to 08:00 2022-12-10 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.

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