FX.co ★ Analysis of Gold for January 20,.2023 - First upside objective has been reached, potential for further growth

Technical analysis:

BTC/USD has been trading upside as I expected and the price has reached the first upside objective at the price of $1.930. Anyway, I see potential for further upside movement due to the strong upside momentum.

Trading recommendation:

Due to the strong upside pressure in the background and breakout of the ke resistance , I see potential for further big growth towards next upside references.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.955 and $1.990

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

Key support is set at the price of $1.932