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Analysis of Gold for January 17,.2022 – Watch for the breakout of consolidation

Technical
analysis:

BTC
has been trading sideways at the price of $1,820.
Best
idea is to watch for the breakout to confirm the next direction.

Trading
recommendation:

In
case of the upside breakout of key resistance at $1,831, watch for
potential buying opportunities with the upside objectives at $1,847
and $1,860.

In case of the downside breakout of support at $1,811, watch for
selling opportunities on the rallies with the downside objectives at
$1,802 and $1,793

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

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