Analysis of Gold for January 25,.2022 - Higher lows and potential for upside continuation | Market Analysis
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Analysis of Gold for January 25,.2022 - Higher lows and potential for upside continuation
07:38 2022-01-25 UTC--5

Technical analysis:

Gold has been trading sideways at the price of $1,838 but there is still chance for the upside continuation.

Trading recommendation:

Gold is still trading in the short-term upside trend and I see potential for the upside continuation in case of the breakout of key resistance at $1,844.

Watch for potential breakout of key resistance at $1,845 to confirm rise towards $1,865 and $1,877.

Key support level is set at the price of $1,828

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.