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Analysis of Gold for January 13,.2022 - Watch for potential breakout of $1.831

Technical analysis:

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Gold has been trading sideways at the price of $1,824 and there is potential for the upside breakout of key resistance at $1,831.

Trading recommendation:

Due to market contraction and sideways movement, I see potential for the breakout regime.

Watch for buying opportunities oif the price breaks the pivot at $1,831 with good momentum.

Upside objectives will be set at $1,840 and $1,848

Support level is set at the price of $1,814

The short-term trend is upside....

The material has been provided by InstaForex Company - www.instaforex.com

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