GOLD DAILY ANALYSIS 17.01.2022

Friday Gold closed below the trend line. So for now 1822 level will be the test for bullish trend. If 4 hrs candle closes above 1822 then 1828 is the target.
Looking at the decreasing gap between Highs the price may see a reversal and test the support at 1808.

I suggest to go for short at 1822 level with SL at 1832 and TP at 1812.

However if price goes to 1802 level then it is a good long term buy.