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

2022-01-26T13:44:56

Relevance until2022-01-27

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

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