FX.co ★ Analysis of Gold for April 25, 2023 - Potential for higher prices

Technical analysis:

Gold has been trading upside as I expected and there is still chance for higher prices due to the upside trend in the background.

Due to the upside trend and rejection of the key support at the price of $1.972, I see potential for the further upside movement towards upside reference.

Upside objectives are set at the price of $2.012 and $2.047

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

Intraday support is set at the price of $1.972