FX.co ★ Analysis of Gold for February 10,.2023 - Bullish divergence in the backgorund

Technical analysis:

Gold has been trading downside this morning and the market failed to break and hold below swing low at $1.860.

Trading recommendation:

Due to failed breakout of the support at $1.860 in the background and the longer term upside trend, I see potential for the upside movement.

Watch for the potential buying opportunities on the intraday dips with the upside objective at $1.890 and $1.900.

MACD oscillator is showing bullish divergence, which is another sign for the upside movement.

Key support is set at the price of $1.860