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07.01.2022: Forex Analysis & Reviews: Analysis of Gold for January 07,.2022 - Watch for potential bigger downside breakout


Technical
analysis:

analytics61d83640a258f.jpg


Gold has been trading downside yesterday as I expected. The price tested
the first objective at the price of $1,789. Anyway, there is
potential for another downside breakout.


Trading
recommendation:


Watch
for the breakout of the important pivot support at $1,784 t confirm further downside movement.


Downside
objectives will be set at the price of $1,762 and $1,755


Resistance
level is set at the price of $1,795 and $1,798

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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