FX.co ★ Analysis of Gold for June 15,.2022 - Potential for further rally

Technical analysis:

Gold has been trading upside today and there is potential for the further rally. I see potential for the test of the value of the previous trading range.

Trading recommendation:

Due to the rejection of the support at $1.807 and bullish divergence in the background, I see potential for the further rally.

Watch for buying opportunities on the intraday pullbacks with the next upside objective at $1.848.

Stochastic oscillator is showing bull divergence in the background and new upside momentum with no signs for the reversal.

Key support is set at the price of $1.805