GOLD DAILY ANALYSIS 17.01.2022
Friday Gold closed below the trend line. So for now 1822 level will be the test for bullish trend. If 4 hrs candle closes above 1822 then 1828 is the target.
Looking at the decreasing gap between Highs the price may see a reversal and test the support at 1808.
I suggest to go for short at 1822 level with SL at 1832 and TP at 1812.
However if price goes to 1802 level then it is a good long term buy.
Looking at the decreasing gap between Highs the price may see a reversal and test the support at 1808.
I suggest to go for short at 1822 level with SL at 1832 and TP at 1812.
However if price goes to 1802 level then it is a good long term buy.
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