FX.co ★ Analysis of Gold for January 19,.2022 - Breakout of the consolidation

Technical analysis:

Gold has been trading upside this morning and there is potentiall for the upside continuation till end of the day.

Trading recommendation:

Due to the breakout of the mini contraction in the background and the upside short-term trend, I see potential for the upside movement in next period.

Watch for buying opportunities on the pullbacks in the next period with the upside targets at $1,827 and $1,830.

Key support is set at the price of $1,805