FX.co ★ Analysis of Gold for December 14,.2022 - Breakout of the mini Pitchfork downside channel

Technical analysis:

Gold has been trading upside as I expected and I found breakout of the mini downside Pitchfork channel, which is good sign for the further growth.

Trading recommendation:

Due to the strong upside pressure in the background and breakout of the key supply trend-line, I see potential for further growth towards the bigger Pitchfork median line.

Watch for the potential buying opportunities with the upside objectives at $1.900 and $1.965

Booth faster and slower Stochastic are showing bull continuation...

Key support is set at the price of $1.780