FX.co ★ Analysis for Gold March 01, 2022 - Breakout of the rising channel

Trading reccomendation:

Based on the H1 time-frame, I found that there is failed attempt in early Eur sesion to take pin bar in the background, which is sign that sellers are still present.

My adice is to watch for potential selling opportunities on the inraday rallies with the downside objectives at the prie of $1.892 and $1.878.

There is strong resistance level at the price of $1.930

Additionaly, there is the rejection of the upper trendline, which is another sign for further downside rotation....