FX.co ★ Elliott wave analysis of Gold for February 14, 2022

Gold is close to confirming the completion of the symmetrical triangle formation that has dominated the picture since August 2020. A break above resistance at 1,877 will confirm the completion of the triangle and call for a rally in wave 5 towards 2,700.

Short-term support is seen at 1,821 which ideally will be able to protect the downside for the long expected break above resistance at 1,871.