FX.co ★ Analysis of Gold for November 15,.2022 - Potential for bigger growth

Technical analysis:

Gold has been trading upside as I expected. The price is heading towards first upside objective and I see no signs for the reversal.

Trading recommendation:

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

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $1.794 and $1.802.

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

Key support is set at the price of $1.747