FX.co ★ Analysis of Gold for January 26,.2023 - Breakout of the key support

Technical analysis:

Gold has been trading upside as I expected and the price has reached the first upside objective at the price of $1.938. Anyway, I see potential for further upside movement due to the strong upside momentum.

Trading recommendation:

Due to the strong upside pressure in the background and breakout of the key resistance zone , I see potential for further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.964

Key support is set at the price of $1.937