How To Make Money Today: Daily Gold (XAUUSD) Market Analysis and Forex Trading Signals 14 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…
On the weekly, prices are consolidating in a triangle and have the potential to bounce from our 1st support at 1784.333 in line with 61.8% Fibonacci extension towards our 1st resistance at 1848.842 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Technical indicators are showing bullish momentum.
On the daily, prices are consolidating in a triangle. We see potential for a dip from our 1st resistance at 1828.775 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci retracement towards our 1st support at 1799.226 in line with 38.2% Fibonacci retracement. Our bias is further supported by RSI at a level where dips previously occurred.
On the H4 chart, prices are abiding to our daily bearish trendline. We see potential for prices to dip from our 1st resistance at 1828.025 which is an area of Fibonacci confluences towards our 1st support at 1809.115 in line with 38.2% Fibonacci retracement. RSI is at a level where dips previously occurred. Alternatively, breaking our 1st resistance will find prices climbing further towards our 2nd resistance at 1832.860 which is a graphical overlap.
Areas of consideration:
- 4h 1st support at 1809.115
- 4h 1st resistance at 1828.025
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