Gold Intraday Outlook into the new year

٤ يناير ٢٠٢١

Gold has recently shown a strong technical reversal off meaningful inflections. Most notably the upward sloping internal trend line from 2018- 2019 yearly break out. We are monitoring a potential retest of the inflection point developed in early NOV between 1956-1980. The gap of excess on the profiles has been evenly filled over the 2020 yearly close. Thus implying continuation through the top of the range and a potential retest of the 2000 figure. Notable excess gaps on the RTH session do give way to pull back opportunities.

Areas of Interest

1956.1

1929.5

1912.4