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23.12.2022 10:00 AM
Analysis of Gold for December 23,.2022 - Breakout of the trading range to the upside and potential for the growth

Technical analysis:

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Gold has been trading upside this morning and I found breakout of the overnight trading range, which is good sign for the further upside movement.

Trading recommendation:

Due to the breakout of the trading range to the upside this morning and strong upside momentum, I see potential for the further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.810

Stochastic oscillator is showing fresh bull cross, which is good sign for further rally.

Key support is set at the price of $1.791

Summary
Urgency
Analytic
Petar Jacimovic
Start trade
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