empty
 
 
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:

This image is no longer relevant

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
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback