How To Make Money Today: Daily Gold (XAUUSD) Market Analysis and Forex Trading Signals 17 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, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1828 which is in line with horizontal swing high resistance from 1st support at 1810, which is in line with horizontal overlap support and 738.2% Fibonacci retracement level. Alternatively, price may break 1st support structure and head for 2nd support at 1798, which coincides with horizontal swing overlap support and 61.8% Fibonacci retracement level .

Areas of consideration:

4h 1st support at 1828
4h 1st resistance at 1810

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