After a minor comeback in the last days of 2021 lowered the annual loss to roughly 3.6%, it was still a decent year for the yellow metal, not least because of the headwinds from increasing interest rate forecasts and the strongest dollar in six years.
The 1812.30 level of support and the 1815.55 level of resistance serve as the key support and resistance levels. Currently, the price is above the pivot point of 1814.15. The EMA10 has crossed both the EMAs of 200 and 100, indicating a bullish condition. Stochastic is moving in the high ranges. The RSI is moving toward the level of 70 and the ADX is not showing a clear signal. The MACD histogram is in positive territory.

• There is resistance at 1815.55, followed by resistance at 1817.40 and 1818.80.
• There is support at 1812.30, Below, there is 1810.90 and 1809.05.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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