FX.co ★ Analysis of Gold for November 25,.2022 - Potential for the further upside continuation

Technical analysis:

Gold has been trading sideways at the price of $1.752. Anyway, I see potential for the further upside continuation due to the breakout of the downside channel in the background.

Trading recommendation:

Due to the strong upside pressure in the background and the breakout of channel, I see potential for the further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objective at $1.785.

MACD oscillator is showing upside reading, which is good sign for further upside continuation.

Key support is set at the price of $1.730