13.07.202310:21 Forex Analysis & Reviews: Analysis of Gold for July 14, 2023 - First upside objective has been reached, potential for the further growth

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Technical analysis:

Gold has been trading upside as I expected and the price reached first upside objective at $1.967. There is the chance for the second target to be on the test.

Due to the breakout of the key resistance cluster at the price of $1.935 and the strong upside momentum, I see potetnial for teh further growth towards next upside reference.

Upside objective is set at the price of $1.981

MACD oscillator is showing fresh upside momentum, which is another confirmation for the strong buying power.

Key support is set at the price of $1.930

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