FX.co ★ Analysis of Gold for November 14,.2022 - Bull flag pattern in creation

Technical analysis:

Gold has been trading downside this morning but I see potential for the further upside continuation. Key support is set at the price of $1.743.

Trading recommendation:

Due to the strong upside pressure in the background and the breakout of the monthly range, I see potential for further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.795.

MACD oscillator is showing upside reading, which is strong sign that buyers are in control.

Key support is set at the price of $1.743