FX.co ★ Gold update for January 09,.2023 - Upside objectives has been reached

Technical analysis:

Gold has been trading upside as I expected and the price has reached many upsice objectives and there still chances for the higher prices.

Trading recommendation:

Due to the strong upside pressure and short-term trend in the background, I see potential for further upside movement after the downside correction.

Watch for the potential buying opportunities on the dips with the next main upside objective at $1.900

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

Key support is set at the price of $1.825