How To Make Money Today: Daily Gold (XAUUSD) Market Analysis and Forex Trading Signals 19 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, prices are consolidating in a triangle. We see the potential for a bounce from our 1st support at 1809.932 in line with 38.2% Fibonacci retracement towards our 1st resistance at 1816.219 in line with 50% Fibonacci retracement. Prices are trading above ichimoku clouds and RSI are at levels where bounces occurred previously, further supporting our bullish bias.

Areas of consideration:

4h 1st support at 1809.932
4h 1st resistance at 1805.838

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