FX.co ★ Analysis of Gold for April 14, 2023 - Potential for the upside continuation

Technical analysis:

Gold has been trading sideways at the price of $2.040 but I see potential for the upside continuation in the next period.

Due to the strong upside cycle in the background and build of higher lows on hourly plus trading above key resistance zone $2.033, I see potential for the further upside continuation.

Next upside objective is set at $2.070

MACD oscillator is showing bullish reading, which is good sign for the further upside movement.

Short-term support is set at the price of $2.033-$2.028