Gold Technical Analysis 25 January 2021
Gold Technical Analysis: The Gold declined 0.81% against the USD on Friday and closed at 1854.63. Today in the Asian session, while Gold technical Analysis 28 December 2020 is preparing at 5:15 GMT, the XAU/USD trading at 1863.00, which is 0.45% higher from Yesterday’s close.
The Gold is expected to find support at 1838.00, and a fall through could take it to the next support level of 1832.00. The pair is expected to find its first resistance at 1871.00, and a rise through could take it to the next resistance level of 1874.00. Today’s expected trading range is between 1832.00, support and 1890.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1838.00
Support 2: 1832:00
Support 3: 1810:00
Important resistance levels:
Resistance 1: 1871.00
Resistance 2: 1874.00
Resistance 3: 1890.00
Gold buying opportunity for intraday trading on January 25, 2021
Buy near the support zones 1838.00 and 1832.00 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 25, 2021
Sell near the resistance zones 1871.00 and 1874.00 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.
Crude Oil Technical Analysis 25 January 2021