GOLD Forecast January 23-27
Keep looking up, no signs of change of direction yet.
This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates.
If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look at my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.
Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.
This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates.
If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look at my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.
Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.
Note
TuesdayTP soon at resistance, then wait for next bias.
Note
WednesdayThe fail at last week's high for the past 2 days turn me neutral for the short term. Wait for a break of resistance before going bullish again.
Note
ThursdaySupport held but price needs to rally today else if support breaks we are in a bear market.
Note
FridayWait for a retest of 1196, if it fails we are bearish next week.
Note
Monday Jan 30A test of that resistance will let us know if the trend has changed or not.
Note
Tuesday Jan 31I think the trend is still up, wait for a break of that resistance to confirm.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.