FX.co ★ Analysis of Gold for March 24,.2023 - Potential for the further upside movement

Technical analysis:

Gold has been trading upside and I see potential for the breakout of the bull flag pattern.

Due to the strong upside trend in the background and bull flag pattern in creation, I see potential for the upside continuation towards upper reference.

Upside objective is set at the price of $2.007

Stochastic oscillator is showing fresh bull cross, which is good sign for further upside movement.

Support is set at the price of $1.985