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Analysis of Gold for January 04,.2022 – Breakout of key intraday resistance at $1.808

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Technical
analysis:

Gold
has been trading upside today and there is the breakout of the key
intraday resistance at the price of $1,808.

Trading
recommendation:

Due
to the breakout of the key
intraday pivot at $1,808, I see potential for further upside
movement.

Watch
for buying opportunities on the pullbacks with the upside objectives
at $1,820
and $1,826.

Stochastic
is showing overbought
condition but with no reversal signal.

Support
level is set at the price of $1,805

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

$45,000 proves to be key support for Bitcoin.

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