21.01.202114:24 Forex Analysis & Reviews: Analysis of Gold for January 21,.2021 -First upside target at the price of $1.863 has been reached and potential for the test of $1.957

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UK PM Johnson: Too early to say when we'll be able to lift restrictions

What we're seeing in the data is contagiousness of new virus variant

The good news for the UK is that the case count is starting to abate in recent days, but the death count continues to pose a worry as hospitals are staying overwhelmed. Yesterday saw the UK post a record 1,820 deaths following 1,610 deaths in the previous day.

Further Development

Analyzing the current trading chart of Gold, I found that our first target from yesterday at the price of $1,863 has been reached and there is still room for the upside.

Watch for buying opportunities on the pullbacks with the next major upside targets at $1,922 and $1,957.

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Lumber and Lean Hogs today and on the bottom Natural Gas and Sugar.

Key Levels:

Resistance: $1,957

Support level: $1,861

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