FX.co ★ Trading plan for Gold for February 07, 2022

Also note that immediate price support has been taken out around $1,780 with trend line support also broken. A potential Head and Shoulder reversal could be in the making with Head at 1,853, Left Shoulder around $1,823 and potential Right Shoulder being carved now. Watch out for intrada support around $1,800 levels.

Trading plan:

Potential rally through $1,825-30 against $1,780

Good luck!