FX.co - Analysis of Gold for October 26,.2022 - Key resistance zone on th etest at $1.667

2022-10-26T07:11:30

Relevance until2022-10-27

Technical analysis:

Analysis of Gold for October 26,.2022 - Key resistance zone on th etest at $1.667

Gold has been trading upside and the price is trading into resistance at $1.670 and this level will be critical for further movement.

Trading recommendation:

In case of the rejection of the resistance zone $1.668, watch for selling opportunities with the downside objectives at $1.649 and $1.639

In case of the upside breakout $1.670m, watch for continuation al patterns for the upside towards $1.682

*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 October 26,.2022 - Key resistance zone on th etest at $1.667