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FX.co ★ Analysis of Gold for January 25,.2022 - Higher lows and potential for upside continuation

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Forex Analysis:::2022-01-25T12:38:07

Analysis of Gold for January 25,.2022 - Higher lows and potential for upside continuation

Technical analysis:

Analysis of Gold for January 25,.2022 - Higher lows and potential for upside continuation

Gold has been trading sideways at the price of $1,838 but there is still chance for the upside continuation.

Trading recommendation:

Gold is still trading in the short-term upside trend and I see potential for the upside continuation in case of the breakout of key resistance at $1,844.

Watch for potential breakout of key resistance at $1,845 to confirm rise towards $1,865 and $1,877.

Key support level is set at the price of $1,828

Analyst InstaForex
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