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

Analysis of Gold for April 25, 2023 - Potential for higher prices

Technical analysis:

Analysis of Gold for April 25, 2023 - Potential for higher prices

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

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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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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