REDATOR Ben Graham Posted January 5 REDATOR Report Share Posted January 5 Gold With all technical conditions showing significant strengthening such as both EMAs in a Golden Cross and the RSI indicator at the Extreme-Bullish level — the opportunity for Gold to strengthen throughout today is wide open. Key Levels1. Resistance. 2 : 4440.132. Resistance. 1 : 4386.063. Pivot : 4374.824. Support. 1 : 4293.755. Support. 2 : 4225.51Tactical ScenarioPositive Reaction Zone: If the price of Gold breaks out above 4374.82, it has the potential to move toward 4386.06.Momentum Extension Bias: If 4386.06 is broken, there is a chance for Gold to continue its strengthening up to 4440.13. Invalidation Level / Bias RevisionThe upside bias weakens if Gold weakens today and breaks below 4225.51. Technical SummaryEMA(50) : 4361.70EMA(200): 4378.00RSI(14) : 74.98Economic News Release Agenda:Tonight the United States will release the following economic data:US - ISM Manufacturing PMI - 22:00 WIBUS - ISM Manufacturing Prices - 22:00 WIBUS - Wards Total Vehicle Sales - All DaysThe material has been provided by InstaForex Company - www.instaforex.com Visitante_561057dd 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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