Analysis of Gold for January 10,.2022 - Upside breakout on good momentum

Technical analysis:

Gold has been trading upside today and I see potential for further rally. There is the breakout of key pivot point at $1,797.

Trading recommendation:

Due to the breakout of the key pivot resistance at $1,797, I see potential for the bullish movement and upside continuation.

Watch for buying opportunities on the pullbacks and continuation al patterns.

Upside targets are set at $1,812 and $1,829.

Stochastic is showing bull reading and no signs for the reversal

MACD got rising slow line, which favors upside continuation.

Key support is set at $1,782