FX.co ★ Analysis of Gold for March 03,.2022 - Key resistance at the price of $1.935 on the test

Technical analysis:

GBP/USD has been trading sideways at the price of $1,930. Watch carefully for price action around pivot at the price of $1,935 to confirm further direction.

Trading recommendation:

Rejection of the pivot at the price of $1,935 can lead price lower towards the $1,914. In case of rejection, downside opportunities are preferable.

Breakout of the key resistance at the price of $1,935 can confirm further upside movement and potential test of $1,944 and $1,950. Buying opportunities on the dips will be preferable strategy under breakout condition.