Friday 21 January 2022

๐Ÿ“• Analysis on Gold on January 21, 2022:

  - After bouncing up to 1847 precious metals Gold fell to 1836, closing yesterday's session with a falling doji candle.  The fact that Gold cannot break through 1847 and close with a bearish candle shows that it is likely that after a strong rally, Gold is trying to accumulate a slight correction to bounce back in the near future.

 - In the beginning of today's session, I expect Gold to correct further and retest the 1830-1834 threshold, this is the area where the Gold price broke out on Wednesday.  Here we can establish a long position in precious metal Gold with a safe target around 1843-1845.


No comments:

Post a Comment

Remarketing tags may not be associated with personally identifiable information or placed on pages related to sensitive categories. See more information and instructions on how to setup the tag on: http://google.com/ads/remarketingsetup --------------------------------------------------->