GOLD DAILY ANALYSIS 17.01.2022
Friday Gold closed below the trend line. So for now 1822 level will be the test for bullish trend. If 4 hrs candle closes above 1822 then 1828 is the target.
Looking at the decreasing gap between Highs the price may see a reversal and test the support at 1808.
I suggest to go for short at 1822 level with SL at 1832 and TP at 1812.
However if price goes to 1802 level then it is a good long term buy.
Looking at the decreasing gap between Highs the price may see a reversal and test the support at 1808.
I suggest to go for short at 1822 level with SL at 1832 and TP at 1812.
However if price goes to 1802 level then it is a good long term buy.
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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.