Analysis of Gold for July 22,.2022 - Wide range reversal bar and upside momentum

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