FX.co - Analysis of Gold for October 22,.2021 - Key resistance at $1.800 on the test

2021-10-22T12:39:52

Relevance until2021-10-23

Technical analysis:

Analysis of Gold for October 22,.2021 - Key resistance at $1.800 on the test

Gold has been trading upside towards $1,800. The level of $1,800 is key swing high and very important pivot level.

Trading recommendation:

Key resistance level at $1,800 is on the test.

Watch carefully the price action around key level.

Downside reaction of the pivot at $1,800 can provide downside towards $1,788

The upside continuation breakout of the $1,800 can provide higher level and test of $1,829

*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 22,.2021 - Key resistance at $1.800 on the test