FX.co ★ Analysis of Gold for November 23, 2023 - Potential for the furthe rally

Technical analysis:

Gold has been trading upside today and there was rejection of the rising trend-line the background, which is good sign for the further upside movement.

Due to the strong upside cycle, rejection of the rising trend line and bullish reversal on RSI, there is the chance for the further growth towrads upside reference..

Upside objective is set at the price of $2.006

RSI oscillator is showing positive reversal, which is good sign for the further rally.

Key support is set at the price of $1.987