Gold Remains Vulnerable as Mixed Oscillators Give a Directionless Signal

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.

XAUUSD Price Analysis – January 22

Gold came up short on a consistent directional inclination and changed between little additions/marginal losses in the European session on Wednesday. Returning to an early plunge in the region of $ 1,550 level, gold is presently near the upper limit of its daily trading range, although it remains beneath the two-week highs established in prior sessions.

Key levels
Resistance Levels: $ 1625, $ 1595, $ 1575
Support Levels: $ 1540, $ 1517, $ 1500

XAUUSD Long-term Trend: Bullish

The XAU / USD exchange rate could not exceed the level of 1560.00. As of this morning, the rate was trading below the level of 1560.00. Notice that the yellow metal is supported by the moving averages 5 and 13, currently located around the range of 1557.07.

Although, the price of gold may probably have an upward trend. It is unlikely that the exchange rate may exceed the horizontal resistance at the level of 1575.00.

XAUUSD Short-term Trend: Ranging

Over a 4-hour time interval, gold consolidates laterally against the US dollar around these moving averages. Besides, it is unlikely that bears can dominate the market, and the rate may plunge beneath the horizontal support level of 1540.25.

The present consolidation occurs near the minor support/resistance level of 1575 and 1540 levels. RSI also looks a little optimistic. But a breakthrough after 1575.00 is necessary to confirm the growth towards the upside for gold.

Instrument: XAUUSD
Order: Buy
Entrance Price: $ 1550.00
Stop: $ 1517
Target: $ 1575

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *