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20.03.2023 10:25 AM
Analysis of Gold for March 20,.2023 - Extreme bullish condiiton, potential for the further upside movement

Technical analysis:

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Gold has been trading upside this morning and I found that Gold is the very strong upside momentum and there is the chance for the multi year highs to be on the test.

Due to the strong momentum to the upside and breakout of the 2 month high, I see potential for the further upside movement and test of multi year highs.

Upside objectives set at $2.068

Stochastic oscillator is showing fresh bull cross, which is another good sign for the further upside movement.

Key longer term support is set at $1.805

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