Gold analysis for January 28,.2021 - Watch for the selling opportunties on the rallies with the target at $1.810

initial jobless claims 847K vs. 875K estimate. Prior month 900K revised higher to 914K four-week moving average 868K vs. 851.7 5K revised number from last week continuing claims 4771K vs. 5088K estimate. Prior month revised to 4974K from 5054K previously reported

Analyzing the current trading chart of Gold, I found that Gold got potential for the further downside movement and test of $1,810.

Watch for selling opportunities on the rallies using the short-term frames like hourly and 4h time frames with the potential downside target at $1,810

Stochastic oscillator got fresh bear cross, which is another indication for further downside.

Key Levels:

Resistance: $1,849

Support level: $1,810