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FX.co ★ Analysis of Gold for February 01,.2022 - Upside breakout

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Forex Analysis:::2022-02-01T13:47:09

Analysis of Gold for February 01,.2022 - Upside breakout

Technical analysis:

Analysis of Gold for February 01,.2022 - Upside breakout

Gold has been trading upside today and I see potential for the upside continuation till end of the day.

Trading recommendation:

Due to the breakout of the key resistance pivot at the price of $1,800, I see further upside continuation.

Watch for buying opportunities on the pullbacks using the intraday charts.

Upside objectives are set at $1,813 and $1,829.

Key support is set at $1,800

Analyst InstaForex
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