Gold Analysis 14.01.2022
Today gold will finally decide where it is heading towards.
This week even after two important news it is not able to break the previous High. This is showing less buying interest at price above 1828. So gold needs to retrace back to one or two support levels to gain momentum for breaking the 1828.
As from yesterday we can see long wicks in all bearish candles. This is showing higher buying pressure below 1818.
All this means Gold may continue to range between 1828 and 1818 until some bank will push the prices to eat our SL.
I am still bullish about prices and will suggest to go long after the prices retraces near 1818 range.
Today being Friday most traders will take profits and close running trades. This may cause a sell off temporarily. But the news on CPI is also a hurdle for gold to rise.
Anywas I suggest to short at 1828 with SL at 1833 for intraday.
And if price retraces to 1802 level we can enter for longterm
This week even after two important news it is not able to break the previous High. This is showing less buying interest at price above 1828. So gold needs to retrace back to one or two support levels to gain momentum for breaking the 1828.
As from yesterday we can see long wicks in all bearish candles. This is showing higher buying pressure below 1818.
All this means Gold may continue to range between 1828 and 1818 until some bank will push the prices to eat our SL.
I am still bullish about prices and will suggest to go long after the prices retraces near 1818 range.
Today being Friday most traders will take profits and close running trades. This may cause a sell off temporarily. But the news on CPI is also a hurdle for gold to rise.
Anywas I suggest to short at 1828 with SL at 1833 for intraday.
And if price retraces to 1802 level we can enter for longterm
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.