Analysis of Gold for August 25,.2022 - Buyers in control, potential for first major objective

Technical analysis:

Gold has been trading upside as I expected. The price is heeding towards first major upside objective.

Trading recommendation:

Due to the strong upside momentum and no signs for the reversal, I still see further rise on Gold.

Watch for potential buying opportunities on the intraday dips with the upside objective at the price of $1.760 and $1.780.

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

Key support is set at the price of $1.750