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FX.co ★ Analysis of Gold for February 08,.2022 - Potential for upside continuation

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Forex Analysis:::2022-02-08T13:41:33

Analysis of Gold for February 08,.2022 - Potential for upside continuation

Technical analysis:

Analysis of Gold for February 08,.2022 - Potential for upside continuation

Gold has been trading upside today and I see potential upside continuation towards upper references. There is the rejection of key support at $1,814 in the background, which is good sign for further upside movement.

Trading recommendation:

Due to rejection of key support at $1,814 in the background, I see further upside movement.

Watch for buying opportunities on the intraday pullbacks with the upside objective at $1,829.

The short-term trend is bullish....

Key support is set at $1,814

Analyst InstaForex
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