FX.co ★ Analysis of Gold for January 31,.2023 - Key support zone in the play at $1.900

Technical analysis:

GOld has been trading downside this morning and I see extreme intraday reading and potential for the upside rotation in case of the rejection of the support zone.

Trading recommendation:

Watch for potential rejection of the key support zone at $1.900, to confirm further upside rotation.

Stochastic oscillator is showing oversold condition and potential for the rally.

Key support is set at the price of $1.900