Gold- closer and closer to a " decision"

٢٤ يناير ٢٠٢٢

The medium-term outlook for Gold remains uncertain, with the price trading upwards, but not very convincing.
After breaking above 1830 resistance, XauUsd has made a high at 1848 and has started to roll back to this zone, now support.
Sooner or later, the yellow metal needs to take a clear direction and a break back under 1830 signaling continuation to 1790 support and, on the other hand, a break above 1850-1860 zone signaling resumption to the long term trend and calling for sustained gains in 2022