Gold Technical Analysis 26 January 2021
Gold Technical Analysis: The Gold declined 0.11% against the USD on Monday and closed at 1855.90. Today in the Asian session, while Gold technical Analysis 28 December 2020 is preparing at 5:15 GMT, the XAU/USD trading at 1855.00, which is 0.05% lower from Yesterday’s close.
The Gold is expected to find support at 1845.00, and a fall through could take it to the next support level of 1837.00. The pair is expected to find its first resistance at 1867.00, 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 1875.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1845.00
Support 2: 1837:00
Support 3: 1832:00
Important resistance levels:
Resistance 1: 1867.00
Resistance 2: 1874.00
Resistance 3: 1890.00
Gold buying opportunity for intraday trading on January 26, 2021
Buy near the support zones 1845.00 and 1837.00 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 26, 2021
Sell near the resistance zones 1867.00 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 26 January 2021