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Analysis of Gold for February 02,.2022 - Rejection of key pivot at the price of $1.808

Technical analysis:


Gold has been trading sideways at the price of $1,803 and I see potential for the test or reject of key pivot at $1,808.

Trading recommendation:

In case of the rejection of key pivot resistance at the price of $1,808, watch for selling opportunities with the downside objectives at $1,794 and $1,781

In case of the breakout of key pivot resistance at $1,808, watch for buying opportunities with the upside objective at $1,827.

Trading analysis offered by Complex Trader - a RobotFX partner.