Gold (XAU/USD) Technical Outlook by AliForexTalks

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!

1 Like

Gold Daily Outlook - January 24, 2021

On Monday, the precious metal gold is trading at the 1,832 level, with a strong bullish bias. It has violated a significant triple top resistance at 1,829, and is heading towards the next target level of 1,850. On the higher side, the XAU/USD may find the next significant resistance at the 1,865 level.
The support continues to hold around the 1,829 level on the lower side, and a breakout here could lead gold towards 1,809.
On the 2-hour chart, the 50 days simple moving average is extending solid support at $1,827. Therefore, the closing of candles above this line supports an uptrend continuation. Consider taking a buy trade over the 1,829 level today. Good luck!

1 Like

Nice set ups and ideas gold looking good for a steady run up. Gold is in a very vulnerable position with the current climate . I can see there is a nice area of liquidity still untouched around the 1812 but a continuation from the 1830 is good also i am set for the upside move with all the news going on and the stuff with Russia could see gold being held as the safe haven for the short term bullish run from here.

1 Like

100% the Russia situation could throw all the markets out of whack. Just lurch from one disaster to another at the moment it seems.

Thanks for sharing always find it Very interesting and useful

We are slowly being squeezed on the weekly chart too. Can feel a big break out looming in the next months

Two big drops over the last couple of days. I reckon the US and Russia have reached an agreement already…