For Traders

Analytical Reviews

Technical analysis

14.01.202215:22 Forex Analysis & Reviews: Analysis of Gold for January 14,.2022 - Potential for the breakout or downside rotaion

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Gold has been trading inside of the trading range at the price of $1,821. Watch for potential breakout. So far, I found 3 pushes higher but bulding divergence, which gives more odds for downside rotation.

Trading recommendation:

Watch for potential downside rotation towards pivot supports at $1,812 and $1,805

Stochastic is showing fresh bear cross and 3 pushes higher, which is another sign for the downside rotation.

Key resistance is set at $1,831

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.