XAUUSD Press the pause button

8 Jan 2022

XAUUSD price ended a 21-day uptrend on January 5, 2022, and the price fell by up to 2.56% ($46.8) over a two-day period starting January 6, 2021. The chart shows that the price was supported and rebounded from $1782. At this point, the decline will pause and the price is likely to stagnate in the gray zone, where the long and short sides will start a new round of struggle.