06.12.2022 09:06 AMTechnical analysis:
Gold has been trading downside at the price of $1.768. Anyway, I see potential for the further rally due to strong support on the test.
Trading recommendation:
Due to the strong support and multi Fibonacci confluence on the test, I see potential for the further upside movement.
Watch for the potential buying opportunities with the upside objective at the price of $1.805
Stochastic Oscillator is showing oversold condition bull cross, which his good sign for further rally.
Key support is set at the price of $1.760
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