REDATOR Ben Graham Posted January 14 REDATOR Report Share Posted January 14 [Gold] By seeing both EMAs position which still in a Golden Cross and the RSI indicator in the Neutral-Bullish area, Gold remains likely to continue its upward movement today. Key Levels1. Resistance. 2 : 4661.012. Resistance. 1 : 4623.383. Pivot : 4596.374. Support. 1 : 4558.745. Support. 2 : 4531.73Tactical ScenarioPositive Reaction Zone: If the price holds at 4596.37, Gold is likely to move up toward 4623.38.Momentum Extension Bias: If 4623.38 is broken, there is potential to test 4661.01. Level Invalidation / Bias RevisionThe upside bias weakens if Gold breaks below 4531.73. Technical SummaryEMA(50) : 4594.53EMA(200): 4541.04RSI(14) : 59.68Economic News Release Agenda:From the United States the following economic data will be released:US - Core PPI m/m - 20:30 WIBUS - Core Retail Sales m/m - 20:30 WIBUS - PPI m/m - 20:30 WIBUS - Retail Sales m/m - 20:30 WIBUS - Current Account - 20:30 WIBUS - Business Inventories m/m - 22:00 WIBUS - Existing Home Sales - 22:00 WIBUS - Beige Book - 02:00 WIBThe material has been provided by InstaForex Company - www.instaforex.com Visitante_8e7bd682 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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