FX.co ★ Analysis of Gold for November 29,.2022 - Potential for upside continuation

Technical analysis:

Gold has been trading upside as I expected after the test reject of the key support at the price of $1.740. I still see potential for further rally.

Trading recommendation:

Due to the strong rejection of the Fibonacci confluence in the background, I see potential for further growth.

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

Stochastic oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of $1.740-$1.730