FX.co ★ Analysis of Gold for April 27, 2023 - Potential for higher prices

Technical analysis:

Gold has been trading upside this morning and the there i still lots of potential for the further upside movement.

Due to the strong upside cycle on the longer time-frames and building higher lows in last couple of days, I see potential for the further growth.

Upside objectives are set at the price of $2.010 and $2.045

MACD oscillator is showing upside reading and increase in momentum, which is good sign for the further higher prices.

Support is set at the price of $1.970