Gold Technical Analysis 23-01-18

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As we discussed last week and as we can see from our previous chart:

Gold managed to hold trading above the support zone 1322-26 where, as long as the market keeps trading above this zone, further advances to test the 1350-55 zone are expected.

Below the 1322 point a further drop may hit the market towards the 1310 point, even going as far as 1300.

As we can see from the chart zone of 1350-55 it is possible that another drop correction wave will occur, while above the 1355 point further advances towards 1375 are expected.

Support Resistance
Level 1 1322-26 1341
Level 2 1312 1350-55
Level 3 1298 1370-75


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