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FX.co ★ Analysis of Gold for February 11,.2022 - Upside rotation/continuation in the play

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Forex Analysis:::2022-02-11T12:41:05

Analysis of Gold for February 11,.2022 - Upside rotation/continuation in the play

Technical analysis:

Analysis of Gold for February 11,.2022 - Upside rotation/continuation in the play

Gold has been trading upside today on good momentum and I see potential for the upside continuation.

Trading recommendation:

Due to strong rejection of the key support at the price of $1,821 in the background, I see potential for the rally towards upper references.

Watch for buying opportunities on the intraday pullbacks with the upside objectives at $1,835 and $1,840.

The short-term trend is still bullish, which is another sign for the upside continuation.

Analyst InstaForex
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