Gold Technical Analysis 19-01-18

1 3

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.

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss