FX.co ★ Analysis of Gold for February 07,.2022 - Key pivot resistance at the price of $1.816 on the test

Technical analysis:

Gold has been trading upside towards the key resistance level at $1,816. The price is testing the key pivot and the price action around the key pivot will be key.

Trading recommendation:

In case of the upside breakout of the $1,816, watch for upside opportunities with the upside objective at the price of $1,828.

In case of the rejection of the key pivot at $1,816, watch for potential downside opportunities towards $1,795.