FX.co ★ Analysis of Gold for January 24,.2022 - Strong rejection of key support at $1.842

Technical analysis:

Gold has been trading upside as I expected. The price reached my first objective at $1,842. I still see potential for the further rise and upside continuation.

Trading recommendation:

Due to rejection of the key support at thee price of $1,828, I see potential for bigger rally in the next period.

Watch for buying opportunities on the intraday pullbacks with the upside objective at $1,847 and $1,864.

Short-term trend is bullish and the price is trading above the key pivot.

Key support is set at $1,828