Relevance up to 13:00 2022-07-23 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.
Technical analysis:
Gold has been trading strongly upside yesterday and I found big range reversal bar, which is sign of the aggressive buyers. There is potential for the upside movement. Trading recommendation: Due do the strong wide range reversal bar yesterday, I see potential for further upside continuation today. Watch for potential buying opportunities on the intraday pullbacks. Upside objective is set at the price $1.740 Stochastic oscillator is showing bullish divergence and fresh bull cross, which is good sign for further rally. Key support is set at the price of $1.681
Read more: https://www.instaforex.eu/forex_analysis/285624
