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Analysis of Gold for February 02,.2023 - Upside objective has been reached, potential for the further growth
03:27 2023-02-02 UTC--5

Technical analysis:

Gold has been trading upside as I expected and the price has reached the upside objective at the price of $1.950. 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 multi-day trading range, I see potential for further big growth.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.980

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

Key support is set at the price of $1.920

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外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。