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How To Make Money Today: Daily Gold (XAUUSD) Market Analysis and Forex Trading Signals 25 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, prices are on bullish momentum and consolidating in a triangle pattern. We see a potential for a dip from our 1st resistance at 1846.542 in line with 78.6% Fibonacci extensions and 61.8% Fibonacci retracement towards our 1st support at 1832.595 in line with 61.8% Fibonacci retracement. Stochastics are close to a level where dips previously occurred. 

Areas of consideration:

4h 1st support at 1832.595

4h 1st resistance at 1846.542

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