FX.co ★ Analysis of Gold for April 21, 2023 - Test of the key support zone and potential for the reaction up

Technical analysis:

Gold has been trading downside this morning but the key support cluster at the price of $1.982 is on the test.

Due to the test of the key support in the strong upside trend in the background, I see potential for the further upside movement towards upside references.

Upside objectives are set at the price of $2.013 and $2.045

MACD oscillator is showing bullish divergence, which is good sign for the further upside movement.

Key support is set at the price of $1.980