Today’s January 13, 2022 Comment on Gold-
- In yesterday’s session, precious metal Gold went right as analyzed when it fell to 1814 and then bounced up to 1828, closing the day session with a bullish candle around 1825. This is the fourth day in a row that Gold keeps this uptrend and in my opinion it is likely that Gold will continue to rise in today’s session.
- Gold is currently meeting the old resistance area around 1828-1832, so it is possible that in the beginning of today’s session, Gold will have a slight correction before it can rally again and if there is any deep correction. then in my opinion it is an opportunity for us to establish a buy position. The closest support area for this precious metal is around 1814-1817 if Gold drops to this price range we can establish a buy position with the target at the “old top” 1828-1832 and my expectation Gold will can break this “top”.
Analysis on Gold January 17, 2022:
- After gaining strongly at the beginning of the week, in the last 2 trading sessions of the week, Gold had a slight correction, but however, the correction was quite weak and stalled at the support area around 1814 and to the west. Above, it is blocked by the price zone 1828-1830. Last week’s candle also showed buying momentum, but buying power could not be maintained in the last sessions of the week, so in my opinion, it is likely that at the beginning of this week’s trading session, precious metal will decrease slightly first. and increase later.
- Switching to the H4 time frame we can if Gold falls through the 1814 zone, it will likely drop to the 1807-1810 price zone and here in my opinion is a good price zone for us to establish a buy position with the target. safe is around the 1820 threshold.
Prediction on Gold on January 27, 2022:
- In yesterday’s session, precious metal Gold had a decline from 1849 to 1814 ($35) and closed the day session with a strong bearish candle around the 1819 price range. Although it closed with a candle. declined but in my personal opinion Gold is currently entering a strong support zone and is likely to have a recovery at the beginning of today’s session.
- We can establish a buy position from the price zone 1812-1817. This is a strong support zone for this precious metal with a safe target 1828-1830.
