Gold Technical Analysis 15 January 2021
Gold Technical Analysis: The Gold declined 0.06% against the USD on Thursday and closed at 1846.00. Today in the Asian session, while Gold technical Analysis 28 December 2020 is preparing at 5:15 GMT, the XAU/USD trading at 1848.00, which is 0.10% higher from Yesterday’s close.
The Gold is expected to find support at 1832.00, and a fall through could take it to the next support level of 1818.00. The pair is expected to find its first resistance at 1857.00, and a rise through could take it to the next resistance level of 1862.00. Today’s expected trading range is between 1800.00, support and 1870.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1832.00
Support 2: 1818:00
Support 3: 1800:00
Important resistance levels:
Resistance 1: 1857.00
Resistance 2: 1862.00
Resistance 3: 1870.00
Gold buying opportunity for intraday trading on January 15, 2021
Buy near the support zones 1832.00 and 1818.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
Gold selling opportunity for intraday trading on January 15, 2021
Sell near the resistance zones 1857.00 and 1862.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.