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27.01.202215:47 Forex Analysis & Reviews: Analysis of Gold for January 27,.2022 - Strong downside momentum

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Technical analysis:

Gold has been trading downside in the background and I see potential for further drop.

Trading recommendation:

Due to the breakout of the key support at the price of $1,806 with the good momentum, I see potential for further drop.

Watch for selling opportunities on the rallies and continuation al pattern using the intraday chart.

Next key downside objective point is set at $1,785-$1,782

Resistance is set at $1,809

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