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Gold has started the week on a bullish note it has already achieved 2058 levels now what to expect from gold today what is going to be our strategy so that we can profit trading gold we will see with the help of charts and indicators towards the end of this update I will
Give you the trading levels and strategy watch till the end this is the first update for the day the next update will be released before the US session watch that as well and yes if you’re new to the channel subscribe to the channel do like share and comment as well let’s
Start we’ll start with harly charts and yes join the channel memberships to get additional benefits press the join button besides the Subscribe icon now look at early charts on the hourly charts see gold on the hourly charts have Consolidated here since then we have given it has seen a breakout couple
Of bullish candle it is still consolidating here between 56 58 levels and it appears to achieve double top levels at least which means that possibly we will look forward to 206 to 65 Zone which is a greater resistance Zone th above 2058 or rather I will say
Those who wants to take a safe entry should wait for 2062 that is a previous highs let it break below the beyond the previous highs and then it will try to rise more see moving averages are trading with Divergence and uh gold is taking the support from the 20 period
Moving average as of now a stock itic back to overbought magd has crossed over trying to trade with little Divergence trying to trade bullish from here trying to rise more RSI Rising as well coming to two on the 2our charts we have seen two increasing bullish increasingly bullish
Candles here and yes moving averages have just crossed over this is certainly a bullish sign also if you look at gold is trading in this bullish channel here with the highs and the lows precisely beautifully position in between 2045 and 2072 levels yes if it stays about 2062
65 we will look forward to 2072 and then 2083 85 Zone yes that is is also in achievable levels the stock itic Rising magd is Divergent magd is bullish looking upwards RSI is rising as well coming to three hour on the 3our chart see after forming a base here at 2045 we
Have seen a good rise a stronger candle see also it is trying to break out and this breakout candle can be a stronger one if it stays Above This Zone 2060 2065 very very strong resistance exist here POS but fun thing is that it is possible for goal to achieve these
Levels at 20 6065 for once yes right now it is at 2057 which means certainly little more bullishness can be expected moving averages crossing over here trading with Divergence certainly a bullish sign 2040 is the support which it should not break on the downside now only selling entry appears to be below
2045 levels today below 25 is the selling entry which can take it till towards 203 840 the first Target and very very very strong support and then I will look forward to 20 36 so 20 36 to 40 is going to be the strongest support if gold trades bearish from the current
Levels chances for which appears to be less as it is right now appears to be trading in this bullish channel on the upside the stock I Rising magd is Divergent and bullish RSI is rising as well on the 4our on the 4our chart see after getting the support here at 2045
We have seen it giving the first bullish candle and I expect it to give a second bullish candle as well which means we can look forward to 2060 65 62 65 levels at least and see moving averages beautifully convergent here 2040 is the support it should not break in any
Case stock itic Rising magd is Divergent magd is bullish if you look at 4 our charts see this is the wave it is creating it possibly can take it till towards the highs here RSI Rising as well coming to daily charts on The Daily charts look at this
Zone very very stronger resistance that is why I said we have to wait for it to break Beyond 2262 2062 65 level certainly once it breaks Beyond 2062 65 we can expect it to rise more how far it can rise we can look forward to 20 72.5
20 83 84 levels yes these are achievable levels if not today possibly sometime in this week right now it has started the week on a bullish note it can possibly move towards this Zone a stock itic Rising as well magd is trying to converge possibly we can see a
Crossover here which means further bullish momentum see this is how gold has Trad so it is trying to retrace a little a retail retracement means possibility of a rise for next couple of sessions or more RSI Rising as well considering this I will recommend you before I give you the trading levels and
Strategy if you want to learn this art of trading be a part of my 28th mentorship batch commencing on 28th of January register yourself now reach out to me vi telegram or email for more details on the mentorship batch also you can visit my platform www. Forex f.com
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Now see gold today U with the support here at 20 45 we can expect it to trade bullish but right now uh about 2058 2059 levels we can expect it to rise more and I will expect it to at least achieve 2062 65 levels some point of time today
And if it breaks Beyond 2065 that is a point where you can say that we will look forward to 20 72.5 2073 Z is staying above 2072 we can look forward to 2083 and plus plus levels but as long as 20 6265 is respected We Have To Be watchful
Cautious alert on the downside a selling entry I will recommend it only below 2048 levels below 2048 we can initiate a selling position we can expect it to move towards 20 4445 the nearest then 3840 the next see 3840 is going to be a very very strong support in fact I will
Include 236 as well so these are going to remain very very strong support for gold on the downside any drop below 203 6 can lead it to to 2025 and then lower levels chances for which appears to be less it appears to be trading with bullish buers possibly we can see a rise
That is my expectation just still you have to trade with the stop loss trade with the trailing stop loss and trade as per the levels here take your positions accordingly like share subscribe and comment join my mentorship best signals Channel webinar series reach out to me for any of your trading or training
Queries my Telegram and email IDs are mentioned in the channel and video description thank you very much great profitable trading day ahead see you again before the US session thank you
3 Comments
Great as usual
I’m saving up to join the signal channel you are truly good ..
Can gold down from 2053 ?