FX.co ★ Analysis of Gold for December 27,.2022 - Potential for the further growth

Technical analysis:

Gold has been trading upside as I expected and there is potential for the further growth.

Trading recommendation:

Due to the rejection of the rising trend-line and strong upside trend in the background, I see potential for the further growth.

Watch for the potential buying opportunities on the intraday dips with the first upside objective at the price of $1.821

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

Key support is set at the price of $1.783