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Gold has been trading sideways at the price of $1.908 and I found rejection of the support zone at $1.897, which is good sign for the upside movement.
Due to the rejection of the key support zone in the background, I see potential for the further growth towards upside references.
Watch for the potential buying opportunities with the upside objectives at $1.921 and $1.928
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.897
Relevance up to 08:00 2023-01-20 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.
