Gold (XAU/USD) Daily Outlook - January 10, 2022 Gold is trading at the $1,797 level, having bounced off above the $1,788 support level. However, it should be noted that a clear downside break of the $1,788 will be a green signal for the gold bears to aim for $1,776 or $1,761. Alternatively, the 200-DMA level surrounding $1,801 guards the quote’s immediate upside ahead of a horizontal area established from late October, surrounding $1,815. However, tops marked during July and September will challenge any further advances around $1,834. Should the gold buyers manage to cross the $1,834 hurdle, $1,850 and November’s peak of $1,877 will gain the market’s attention. Good luck!