FX.co ★ Analysis of Gold for January 05,.2022 - Breakout of the mini contraction

Technical analysis:

Gold has been trading upside today and I see potential for the further upside movement.

Trading recommendation:

There is the breakout of the mini contraction in the background and that is sign for further upside movement towards upper reference.

Upside objective is set at the price of $1,830

Stochastic oscillator is showing continuation al pattern and another upside cycle.

Intraday support level is set at $1,812