Analysis of Gold for August 29, 2023 - Potential for the further growth

Technical analysis:

Gold has been trading upside yesterday and I found breakout of the resistance at $1.922, which is good sign for the further rally.

Due to the breakout of the resistance cluster and the upside momentum, I see potential for the further growth towards upside reference.

Upside objective is set at the price of $1.942 and $1.946

MACD oscillator is showing upside momentum with no signs for the reversal....

Intraday support is set at the price of $1.922