FX.co ★ Analysis of Gold for December 06,.2022 - Key support on the test and potential for fruther growth

Technical analysis:

Gold has been trading downside at the price of $1.768. Anyway, I see potential for the further rally due to strong support on the test.

Trading recommendation:

Due to the strong support and multi Fibonacci confluence on the test, I see potential for the further upside movement.

Watch for the potential buying opportunities with the upside objective at the price of $1.805

Stochastic Oscillator is showing oversold condition bull cross, which his good sign for further rally.

Key support is set at the price of $1.760