How To Make Money Today: Daily Gold (XAUUSD) Market Analysis and Forex Trading Signals 13 January 2022
To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first, and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…
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XAU/USD (GOLD):
On the H4 chart, gold prices have broken out of the triangle. We see the potential for a dip from our 1st resistance at 1826.892 in line with 100% Fibonacci retracement towards our 1st support at 1820.305 in line with 78.6% Fibonacci extension and 23.6% Fibonacci retracement. RSI is at levels where dips occurred previously and ichimoku is turning red, further supporting our bearish bias.
Areas of consideration:
- H4 1st support at 1820.305
- H4 1st resistance at 1826.892
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