FX.co ★ Analysis of Gold for August 14, 2023 - Rejection of the support at $1.910

Technical analysis:

Gold has been trading upside this morning and I found rejection of the intraday support at the price of $1.910, which is good sign for the further upside movement.

Due to the potential exhaustion of the sellers and rejection of the support at $1.910, I see potential for the further growth towards upside references.

Upside objectives are set at the price of $1.920 and $1.927

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

Intraday support is set at the price of $1.910