FX.co - Analysis of Gold for February 10,.2022 - Strong rejection of the key pivot support

2022-02-10T18:27:04

Relevance until2022-02-11

Technical analysis:

Analysis of Gold for February 10,.2022 - Strong rejection of the key pivot support

Gold has been trading upside after the CPI report and I found potential for further upside continuation.

Trading recommendation:

Due to strong rejection of the key pivot support live atr the price o$1,822, I see potential for further upside movement towards upside references.

Watch for buying opportunities on the pullbacks with the upside objective at the price of $1,852.

Key support is set at $1,822

Short-term trend is upside....

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of Gold for February 10,.2022 - Strong rejection of the key pivot support