FX.co ★ Analysis of Gold for October 31,.2022 - Potential for rally today

Technical analysis:

Gold has been trading upside this morning and I see potential for further rally going into the US. Session.

Trading recommendation:

Due to the bullish divergences on both MACD and Stochastic oscillator, I see potential for further growth today.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $1.645 and $1.653

MACD and Stochastic oscillators are showing bullish divergences, which is sign that upside might be in the play.

Key support is set at the price of $1.635