FX.co ★ Analysis of Gold for December 26,.2022 - Potential for the further rally

Technical analysis:

Gold has been trading sideways at the price of $1.797 but I see potential for the further rise towards upper references.

Trading recommendation:

Due to the strong upside pressure in the background and rejection of the Fibonacci node at $1.785, I see potential for further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.820 and $1.890.

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

Key support is set at the price of $1.775