FX.co ★ Analysis of Gold for January 03,.2022 - Breakout of key resistance at $1.817

Technical analysis:

Gold has been trading sideways after the breakout of key pivot at the price of $1,817. I see potential for the upside continuation after the pullback.

Trading recommendation:

Due to the breakout of the key resistance level at $1,817 in the background, I see potential for the upside movement.

Watch for the end of the pullback and potential for rejection fo the support at $1,817 to confirm further upside continuation.

Upside objectives are set at $1,840 and $1,860.

Stochastic is showing fresh bear cross, which is another sign that Gold is in the pullback mode.