FX.co ★ Analysis of Gold for February 01,.2023 - Upside objectives has been reached

Technical analysis:

Gold has been trading upside as I expected and the price has reached my two objectives at $1.9112 and $1.918.

Trading recommendation:

Due to the strong upside pressure in the background and rejection of the key support zone at $1.900, I see potential for the further growth.

Watch for the potential buying on the intraday dips with the upside objective at $1.949.

MACD Oscillator is showing upside reading, which is good sign that buyers are in control.

Key support is set at the price of$1.900