Gold daily analysis 20.01.2022
Yesterday Gold was able to break all the resistance levels to reach the 1844 level.
I am sorry for not mentioning about the divergence in volume and candle sizes for 4 hour chart on 18.01.2022. This is a hint for yesterday's move.
Today the important levels are 1828 and 1838. If price breaks the 1838 level in 4 hours and gives confirmation candle closing below then 1828 will be next support.
If price is able to stay above 1838 then 1844 is the resistance from daily timeframe. So if there is no volume then we can expect price to range between 1838 and 1844.
If the 1844 level breakout then the next target is 1864 which is strong resistance.
Trade safely. Please share your thoughts.
Join my copy trading on Octafx using copytrade.page.link/48b6
I am sorry for not mentioning about the divergence in volume and candle sizes for 4 hour chart on 18.01.2022. This is a hint for yesterday's move.
Today the important levels are 1828 and 1838. If price breaks the 1838 level in 4 hours and gives confirmation candle closing below then 1828 will be next support.
If price is able to stay above 1838 then 1844 is the resistance from daily timeframe. So if there is no volume then we can expect price to range between 1838 and 1844.
If the 1844 level breakout then the next target is 1864 which is strong resistance.
Trade safely. Please share your thoughts.
Join my copy trading on Octafx using copytrade.page.link/48b6
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.