FX.co ★ Analysis of Gold for February 17,.2022 - Breakout of multy-year triangle pattern

Technical analysis:

Gold has been trading upside this week and today and I see potential for further upside continuation.

Trading recommendation:

Due to the breakout of multi-year consolidation on the Gold and strong upside momentum this week, I see potential for buying opportunities.

Watch for buying opportunities on the dips with the upside objectives at $1,917 and $1,958.

There is the breakout of the big symmetrical triangle in the background, which is strong sign for the further rise.

Support level is set at $1,878