FX.co ★ Analysis of Gold for November 30,.2022 - Potential for further growth

Technical analysis:

Gold has been trading upside as like I expected. I see potential for the upside continuation of the bigger bull trend in the background.

Summary:

Due to the strong upside pressure in the background and rejection of the key support at $1.740, I see potential for the further rise.

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 bull cross, which is good sign for the further rally.

Key support is set at the price of $1.740