FX.co ★ Analysis of Gold for September 12,.2022 - Key pivot level at the price of $1.728 on the test

Technical analysis:

Gold has been trading sideways in the last few days at the price of $1.724. Watch for potential breakout or rejection of the key resistance at $1.728 to confirm further direction.

Trading recommendation:

Watch for the price action around the key pivot at $1.728 to confirm further direction.

Potential breakout of the key resistance at $1.728 can confirm upside movement towards $1.745

Potential rejection of the key pivot at $1.728 can confirm downside rotation towards $1.712.