FX.co ★ Analysis of Gold for February 25,.2022 - Breakout of the mini upside channel

Technical analysis:

Gold has been trading downside yesterday and there is potential for the downside movement today.

Trading recommendation:

Due to failed attempt from buyers to rally further coming into the Europe session, I see potential for the further downside movement.

Watch for selling opportunities on the intraday rallies and continuation al patterns with the downside objectives at $1,886 and $1,880.

Additionally, there is the the breakout of the mini upside channel, which is another confirmation for further downside movement.

Key resistance is set at the price of $1,920