FX.co ★ Analysis of Gold for January 14,.2022 - Potential for the breakout or downside rotaion

Technical analysis:

Gold has been trading inside of the trading range at the price of $1,821. Watch for potential breakout. So far, I found 3 pushes higher but bulding divergence, which gives more odds for downside rotation.

Trading recommendation:

Watch for potential downside rotation towards pivot supports at $1,812 and $1,805

Stochastic is showing fresh bear cross and 3 pushes higher, which is another sign for the downside rotation.

Key resistance is set at $1,831