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Analysis of Gold for January 19,.2022 – Breakout of the consolidation

Technical
analysis:

Gold
has been trading upside this morning and there is potentiall for the
upside continuation till end of the day.

Trading
recommendation:

Due
to the breakout of the mini contraction in the background and the
upside short-term trend, I see potential for the upside movement in
next period.

Watch
for buying opportunities on the pullbacks in the next period with the
upside targets at $1,827 and $1,830.

Key
support is set at the price of $1,805

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

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