Gold Analysis 13.01.22
Yesterday the news was positive for USD. So Gold did not have enough support to break the 1828 level. So now it may come back for retest of 1818 level and try to breakout.
As I marked the volume is very high for this bullish wave. So I am expecting this time gold has enough momentum to break 1828 level. But before trying to go high it will have a minor pull back to nearest support.
For today Gold may range between 1818 and 1828 levels. If the 4 hour candle closes below 1818 level then expect gold will fall much below.
Today we can go for short at 1826 to 1828 levels and SL at 1834 TP 1818
As I marked the volume is very high for this bullish wave. So I am expecting this time gold has enough momentum to break 1828 level. But before trying to go high it will have a minor pull back to nearest support.
For today Gold may range between 1818 and 1828 levels. If the 4 hour candle closes below 1818 level then expect gold will fall much below.
Today we can go for short at 1826 to 1828 levels and SL at 1834 TP 1818
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