FX.co - Analysis of Gold for January 10,.2023 - Potential for the breakout of the trading range

2023-01-10T08:33:31

Relevance until2023-01-11

Technical analysis:

Analysis of Gold for January 10,.2023 - Potential for the breakout of the trading range

Gold has been trading sideways overnight and I see potential for the breakout play.

Trading recommendation:

In case of the breakout of defined resistance zone at $1.880, watch for buying opportunities with the upside objective at $1.890

In case of the breakout of the support zone at the price of $1.868, watch for the selling opportunities with the downside objective at $1.854

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of Gold for January 10,.2023 - Potential for the breakout of the trading range