REDATOR Ben Graham Posted January 21 REDATOR Report Share Posted January 21 GOLDWith technical conditions supporting Gold's strength as well as the heating up of geopolitical tensions, it is not surprising that Gold continues its strengthening bias. Key Levels1. Resistance. 2 : 4836.012. Resistance. 1 : 4799.503. Pivot : 4729.344. Support. 1 : 4692.835. Support. 2 : 4266.67Tactical ScenarioPositive Reaction Zone: If the price breaks above 4799.50, it may move toward 4836.01. Momentum Extension Bias: If 4836.01 is also broken, there is potential for Gold to reach 4906.17. Level Invalidation / Bias RevisionThe upside bias weakens if the price of Gold falls below 4266.67. Technical SummaryEMA(50) : 4759.88EMA(200): 4674.00RSI(14) : 82.43Economic News Release Schedule:Later tonight, ahead of the U.S. market open, in addition to a scheduled speech by U.S. President Donald Trump at 20:30 WIB, the following economic data will be released:AS - Pending Home Sales m/m - 22:00 WIBAS - Construction Spending m/m - 22:00 WIBAS - Construction Spending m/m - 22:00 WIBAS - API Weekly Statistical Bulletin - 04:30 WIBThe material has been provided by InstaForex Company - www.instaforex.com Visitante_b539574d and Visitante_14bf02b5 1 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...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.