FX.co ★ Analysis of Gold for December 02,.2022 - First upside objective reached and potetnial for further growth

Technical analysis:

Gold has been trading upside as I expected and the price has reached our first upside objective at $1.800. Anyway, I see potential for further growth due to the strong uspide momentum.

Trading recommendation:

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

Watch for the potential buying opportunities on the intraday dips with the next main upside objectives at $1.835 and $1.855.

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

Key support is set at the price of $1.748