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FX.co ★ Analysis of Gold for January 26,.2022 - Potential for bigger rise

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Forex Analysis:::2022-01-26T13:44:56

Analysis of Gold for January 26,.2022 - Potential for bigger rise

Technical analysis:

Analysis of Gold for January 26,.2022 - Potential for bigger rise

Gold has been trading upside in last 24 hours and I see potential for further upside continuation.

Trading recommendation:

Due to strong upside trend in the background and the breakout of the key pivot resistance level at $1847, I see potential for further rise.

Watch for buying opportunities with the upside objectives at $1,864, $1,869 and $1,875.

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

Analyst InstaForex
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