FX.co ★ Analysis of Gold for February 08,.2022 - Potential for upside continuation

Technical analysis:

Gold has been trading upside today and I see potential upside continuation towards upper references. There is the rejection of key support at $1,814 in the background, which is good sign for further upside movement.

Trading recommendation:

Due to rejection of key support at $1,814 in the background, I see further upside movement.

Watch for buying opportunities on the intraday pullbacks with the upside objective at $1,829.

The short-term trend is bullish....

Key support is set at $1,814