Gold Technical Analysis 19-01-18

Posted on
Gold Technical Analysis 19-01-18

Gold managed to continue its drop correction over the last 3 days. The precious metal managed yesterday to test our support zone at 1322-26 as we expected it would earlier this week.

From that support zone at 1322-26 we also expected another advance wave that could potentially hit the market towards the resistance line at 1350-55.

Above the 1355 point more advancement towards 1370-75 should be expected. However, below 1322 another drop may sustain itself towards 1312 and even possibly 1298.

(Visited 50 times, 1 visits today)

At ORBEX the trader is our greatest asset. We provide access to trading FX, Futures, Metals, CFD’s and Commodities on MT4 and word-class customer service.

- Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube