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FX.co ★ Analysis of Gold for January 19,.2022 - Breakout of the consolidation

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Forex Analysis:::2022-01-19T10:09:44

Analysis of Gold for January 19,.2022 - Breakout of the consolidation

Technical analysis:

Analysis of Gold for January 19,.2022 - Breakout of the consolidation

Gold has been trading upside this morning and there is potentiall for the upside continuation till end of the day.

Trading recommendation:

Due to the breakout of the mini contraction in the background and the upside short-term trend, I see potential for the upside movement in next period.

Watch for buying opportunities on the pullbacks in the next period with the upside targets at $1,827 and $1,830.

Key support is set at the price of $1,805

Analyst InstaForex
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