REDATOR Ben Graham Posted January 28 REDATOR Report Share Posted January 28 GOLDWith all technical indicators pointing to strengthening, then Gold has the potential to strengthen today, rising towards its nearest resistance level.Key Levels1. Resistance. 2 : 5304.282. Resistance. 1 : 5241.653. Pivot : 5127.274. Support. 1 : 5064.645. Support. 2 : 4950.26Tactical ScenarioPositive Reaction Zone: If the price holds at the pivot level of 5127.27, gold will likely rise towards 5241.65Momentum Extension Bias: If 5241.65 is successfully broken, gold will strengthen towards 5304.28Invalidation Level / Bias RevisionUpside bias weakens when gold breaks below 4950.26Technical SummaryEMA(50) : 5134.61EMA(200): 5008.79RSI(14) : 81.50Economic News Release Agenda:Tonight, the United States will release the following economic data:US - Crude Oil Inventories - 10:30 PM WIBUS - Federal Funds Rate - 2:00 AM WIBThe material has been provided by InstaForex Company - www.instaforex.com 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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