In this video, we are sharing #GoldRate #XAUUSDDailyAnalysis #GoldPricePrediction for Today 11th Jan #forexforbeginners , Please watch the full video and share it with your friends also.
Subscribe Ankit Jain-Official for Daily Updates : https://www.youtube.com/@AnkitJainOfficial
Website : https://forexfunda.com/
Register for Live Webinar :
https://forexfunda.com/g/live-webinar-registration-0ujmz9e5fleo/s/general
Register for Mentorship Batch 28
https://forexfunda.com/g/training-ksr26oyj6n/s/announcement
Contact: Email: ankitjains.official@gmail.com
Official Telegram Id: https://t.me/Ankit_Jains_Official
Free Telegram Channel: https://t.me/ankitjainsofficial
instagram : https://instagram.com/ankitjain_fx?igshid=MzRlODBiNWFlZA==
Be a member of This “Ankit Jain-Official” youtube channel, where we will share Trading related updated on a Daily, Weekly, and Yearly basis with technical analysis on #Nifty, #BankNifty, #DowJones, #Nasdaq, #Nikkei, #Dax, #Hangseng, #Gold, #Silver, and #Oil.
Like, Share, and Subscribe to “Ankit Jain-Official” Youtube Channel
This video will help you if you want to know about gold price forecast for next week, gold forecast next week, gold price prediction for next week, gold price next week, gold rate next week, gold prediction next week, gold rate prediction for next week, xauusd forecast next week etc.
#goldrate #goldrate2024 #goldpriceforecast #goldrateprediction #goldpriceprediction #goldforecasts #goldrateforecast #goldprediction #goldrateprediction2024
#weeklyanalysis#Investing #StockMarket #Forex #DayTrading #OptionsTrading #CryptoTrading #Investment #FinancialFreedom #TradingTips #gold weekly analysis #StocksAndShares #WealthManagement #PersonalFinance #TradingEducation #InvestmentPortfolio #TechnicalAnalysis #FundamentalAnalysis #TradingCommunity #TradingStrategies #UAE #MyDubai #DubaiLife #DubaiVlogger #weekendanalysis #weekendprediction forex gold trading strategy, forex gold analysis today, forex gold prediction, forex gold trading for beginners, forex gold signals, xauusd analysis, xauusd live signals, xauusd trading strategy, xauusd scalping strategy, xauusd forecast, gold trading strategy, gold trading strategy for beginners, forex trading for beginners, best forex strategy, forex trading strategies, best forex signals, xauusd analysis this week, xauusd analysis tomorrow, forex gold signals today, forex gold trading live
Gold traded in a narrow Zone with the modest bearish bias yesterday as expected and as I shared yesterday 20 4042 Zone again proven out to be a great resistance while on the downside 2020 levels proven out to be great support it is Consolidated further creating higher
Lows lower highs now what to expect from gold today how we are going to profit we will see with the help of charts and indicators this is the first update for the day next update will be released before the US session today we have a key data coming in that is the inflation
Data from us definitely it will bring lot much of volatility into the gold prices does you need to be traded with caution now let’s have a look here towards the end of this update I will give you the trading levels and strategy watch till the end if you’re new to the
Channel subscribe to the channel to get the latest updates and do like share and comment friends your every like comment is a great great motivation to me and join the channel memberships to get additional benefits let’s start first we look into all the charts if you look at
Early charts see after the drop it is retraced and since the retracement it is forming a good flag form creating lower highs lower lows now one point to note see the lows here and see the lows here if you look at again same Zone 20 40 42
Or rather I will say 3840 is going to be a greater resistance Zone on the upside 20182 is going to be the support levels now that is the first point look at the second Point here see here it was trading with slight SL sideways bias now
If you look at it it has certainly changed its gradient and it is now looking more slight bearish as of now on the early charts second observation here is it is Consolidated here three to four candles and since then we have seen a rise and the next observation here is
Look at the higher lows here which suggest that it is still in the the consolidation Zone it is not to be treated bearish and neither it is bullish as we have seen lower high now see there is a reversal sign it is taking support from the 20 period moving
Average here and from the median of the Bullinger bands but let’s have a detailed look say stock itic us overbought trying to cool down magd has crossed over here trading with little Divergence bullishness it is three candles away from the crossover R RSI is comfortable coming to two similar
Observation on the two charts reversal sign rise here low highs lower lows here change of slope is something you should watch out for it is right now appearing to be bearish but I will wait for the next candle if it stays about 20 35 36 again we can look forward to 3842 Zone
And after that sky is the limit because see after the rise it is still giving higher lows lower highs and this is a this is a followup to the this rise thus if it breaks out on the upside above 20 40 42 Zone certainly more bullish momentum may prevail the stock itic
Rising magd has crossed over here see first Greener candle and it is trading with modest Divergence we have to wait for it to diverge more means more bullish candles are expected RSI flat coming to three likewise on the three hour charts reversal sign after two bearish candles then modest bullishness
Here is seen higher lows so far higher Highs are also there and thus this suggest that only selling entry is below 2025 where you can expect 2018 2020 the support levels and Below 2018 if you see gold trading below 2014 2015 that is the support level below 2014
2015 certainly more bearish momentum is going to be seen also look at the three hour charts closely you’ll find the drop here the retracement the drop here the retracement and it could give the second wave here taking it till towards 2010 now 20110 is going to be another key
Support level today is stock I Rising magd is trading with modest bullishness here RSI is flat coming to 4our chart on the 4our chart see preceding two candles lower highs higher lows this candle gave a break out but this candle failed to stay bullish the body size is very small
As of now where this candle closes and if you see the third candle staying bullish suggests that it is trying to reverse now see divide into two you will find there is a symmetry but with lower highs this suggest that suddenly it has changed the slope towards bearish buas
But we have to wait for it look at these two look at these two identically symmetrical then also look at the levels here higher lows thus as long as 2018 20120 is not breached we are not going to treat gold as bearish what has happened here moving averages have come
Down 20 period moving average right now sitting at around 34 levels and 50 and 100 at around 20 40 levels this makes this Zone as a very very strong resistance zone for gold to break pass by the stock itic Rising magd now look at magd it has fallen here it has
Crossed over twice and trading with very very little Divergence yes it is still in green RSI Rising coming to the daily chart and before we look into the daily charts if you want to learn this art of trading you can be part of my 29th 28th mentorship batch commencing on third
Week of January register yourself now visit the platform Forex fund.com for more details or queries you can also join my webinar Series where every Sunday we take a deeper insights into the markets and yes if you want to trade as per the signal reach out to me via
Telegram join the free telegram Channel visit the platform Forex fund.com definitely this platform will add meaning to your trading decisions and yes the free telegram channel will also keep you updated with the latest updates let’s start now on The Daily charts you’ll find again Lower highs higher
Lows you have to look into it in detail see uh first of all prices are getting resistance from the 20 period this is also sitting at around 2040 this creates this Zone as a greater resistance zone now see the where the candle has started today it is opened on a flat opening
Flat we have seen the price is rising now remember it is going to form a Vick and possibly it will try to drop more and how far it can go I will definitely observe how it behaves at around 2018 2020 Zone that is the first part remember preceding candle comes with
Lower highs lower lows now 2018 202 definitely a good support and then just take a larger look here you will find three to four candles have hit the lows as well now where are the lows here the lows are little far below at around 2004 20110 levels yes these are going to be
The two support levels which are going to play a major role thus once we see the price is staying below 2018 2020 certainly it is going to get more pull on the downside where first Target should be 2010 and then 2004 level so in between yes 145 is also you should
Consider that is also a minor support now and below that is there 2010 should be seen very very good support is exist at 2010 now at the same time remember as long as it respects 2018 2020 since the prices have opened flat and preceding candle comes with a modest bearish buice
If you see the price is staying about 20 35 36 we can buy but then expect 40 42 or rather 3842 Zone completely a greater resistance you have to be cautious as long as 42 is not taken and then 45 47 if these two are taken consider that as
A reversal and possibly we are looking forward to a stronger bullish move on the upside thus trade with caution here trade with a stop loss and a trailing stop loss like share subscribe and comment join my mentorship B join my signal Channel join the webinar Series
So for the day it appears we can take a sell entry at here at around 25 levels and a buying entry is only above 35 36 same levels as what we have seen yesterday 1820 on the downside good support 3842 on the upside greater resistance Beyond 42 little more
Bullishness and then we have to wait for it to break pass by 4850 levels 45 47 4850 very very good resistance there Beyond 50 sky is the limit for gold on the upside and on the downside below 20110 and 2004 is where more beers will take over trade accordingly have a great
Profitable trading thee see you again before the US session thank you watch that as
2 Comments
🔥🔥🔥
Thanks