Analysis of Gold for April 20, 2023 - Rejection of the key support zone at $1.980

Technical analysis:

Gold has been trading upside in last 24 hours and I see potential for the upside rotation towards upside reference.

Due to the another rejection of the key support cluster at the price of $1.980, I see potential for the further rise towards upside reference.

Upside objective is set at $2.040

MACD oscillator is showing bullish divergence, which is another good sign for the further upside movement.

Key support is set at the price of $1.980