FX.co ★ Analysis of Gold for August 30, 2023 - First upside objective reached and potential for the futher grwoth

Technical analysis:

Gold has been upside as I expected and the price has reached the first upside objective around $1.940 and there is still chance for the further growth.

Due to the strong upside momentum and weak pullback, I see potential for the further growth towards upside references.

Upside objectives are set at the price of $1.950 and $1.970

MACD oscillator is showing fresh upside momentum, which is another sign for the further growth.

Resistance levels are set at $1.945, $1.952 and $1.970