FX.co ★ Analysis of Gold for January 17,.2022 - Watch for the breakout of consolidation

Technical analysis:

BTC has been trading sideways at the price of $1,820. Best idea is to watch for the breakout to confirm the next direction.

Trading recommendation:

In case of the upside breakout of key resistance at $1,831, watch for potential buying opportunities with the upside objectives at $1,847 and $1,860.

In case of the downside breakout of support at $1,811, watch for selling opportunities on the rallies with the downside objectives at $1,802 and $1,793