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 trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.