Spot Gold may Rise to 1865–1875 range

On the daily chart, spot gold will leave the area of the neutral range 1830-1849. Because the previous day, gold had broken through the resistance at 1853.

At the resistance at 1857 the possibility is that gold will pull back towards the weekly pivot area of 1829-1832, to collect bullion in continuing its advance. The increase is expected to continue towards 1865-1875.

The next wave of gains suggests a more aggressive target towards the 1919 range, which will only happen if gold is able to break above 1875.

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Trading Plan 26-27 January 2022

Buy 1832
SL 1819

TP1 1837
Tp2 1845
TP3 1856
TP4 1864
TP5 1875

- Price Now: 1847
- US New Home Sales in next 11 hours
- US Fed Interest Rate Decision and FOMC in next 38 hours

*Your decision to use our signals entirely at your own risk.

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XauUsd Gold Daily Level (26/01)

R3 1875.50
R2 1864.74
R1 1856.16

Pivot 1845.40

S1 1836.82
S2 1826.06
S3 1817.47

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XAUUSD Gold Weekly Level

R3 1895.38
R2 1871.87
R1 1852.55

Pivot 1829.04

S1 1809.72
S2 1786.2
S3 1766.89

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