empty
 
 

14.01.202221:31 Forex Analysis & Reviews: Gold's getting rejected for the third time at $1,830.

In order for Gold price to continue higher towards $1,860, bulls will need to break above $1,830 as we mentioned in our last analysis. Gold today tested the key horizontal resistance once again and got rejected.

Exchange Rates 14.01.2022 analysis

Red line -resistance

Green line -support

Red rectangle- short-term resistance

Inability to break above $1,830 is a bearish sign. I do not expect to see a fourth rejection at $1,830. If Gold price approaches this resistance area again, I then would expect a break upwards and a move towards $1,860 at least. Until then, Gold price is vulnerable to a move lower towards $1,780 where we find key upward sloping support trend line.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Alexandros Yfantis,
Chuyên gia phân tích của InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




  • Trade Wise, Win Devise
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.