FX.co ★ Analysis of Gold for March 10,.2022 - Key pivot at $1.973 on the test

Technical analysis:

Gold has been trading downwards but key confluence support is on the test at $1.973. In case of the downside breakout, there is potential for bigger drop.

Trading recommendation:

Rising trendline is on the test and Gold is at the key pivot. I would like to see the breakout of key support at $1.973 to confirm further continuation.

My advice is to watch for selling opportunities below the pivot at $1.93 with the downside objective at $1.950.

Resistance level is set at the price of $2.000