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FX.co ★ Analysis of Gold for January 11,.2022 - Pullback upside continuation in the play

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Forex Analysis:::2022-01-11T12:29:28

Analysis of Gold for January 11,.2022 - Pullback upside continuation in the play

Technical analysis:

Analysis of Gold for January 11,.2022 - Pullback upside continuation in the play

Gold has been trading upside today and I see potential for the upside continuation towards $1,815.

Trading recommendation:

Due to the upside breakout of the key resistance level at $1,798, I see potential for the upside continuation.

Watch for buying opportunities on thee dips with the potential upside objectives at $1,815 and $1,829.

Stochastic is showing fresh bull cross and oversold condition, which is another sign and confirmation for the upside movement.

Support level is set at the price of $1,802

Analyst InstaForex
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