FX.co ★ Analysis of Gold for December 07,.2022 - Key support on the test and potential for fruther growth

Technical analysis:

Gold has been trading sideways at the price of $1.773. Anyway, I see that key support is on the test and there is potential for the further growth.

Trading recommendation:

Due to the test and rejection of the key support at the price of $1.768, I see potential for further growth.

Watch for the potential buying opportunities with the upside objectives at $1.804 and $1.840.

Stochastic oscillator is showing oversold condition, which is good sign for further upside movement.

Key support is set at the price of $1.765-$1.760