FX.co ★ Analysis of Gold for November 17,.2022 - Rejection of the rising trendline

Technical analysis:

Gold has been trading sideways at the price of $1.7467. Anyway, I see potential for the further growth due to the rejection of the rising trend line.

Trading recommendation:

Due to the rejection of the rising trend-line and strong upside trend in the background, I see potential for the further growth.

Watch for buying opportunities with the upside objectives at $1.786 and $1.800

Stochastic Oscillator is showing oversold condition and fresh bull cross, which is good sign for the further rise.

Key support is set at the price of $1.752