Caution! Gold Price May Rally Again ? GOLD XAUUSD Trading Strategy For Next Week 22-26 Jan

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In this video, we are sharing Gold Rate Prediction for Next Week 22-26 Jan and For Month of January 2024 Please watch the full video and share it with your friends also.
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Gold last week failing to break about the critical resistance at 26065 has traded bearish and in fact has gone closer towards 2,000 levels here before closing the week at 2030 can we consider that now the 20 period moving average it has achieved can we expect it to bounce

Back after this flag formation or is it again going to trade bearish and achieve the further lows towards the 1980 levels what is going to be our strategy trading goal next week we will see with the help of charts and indicators this is a weekly review I do share twice a day

Update every day for gold first with the Asia and Europe session and next with the US session thus if you’re not subscribe to the channel subscribe to the channel to get the latest up and yes do like share and comment as well friends your every action matters to me

A lot if you have not joined the channel memberships join the channel memberships and support them let’s start first we look into monthly charts towards the end we will give you the trading levels and strategy V till the end now first let’s have a look at the monthly charts here

On the monthly charts the rise the retracement the rise eyes and then it is trying to yield a red candle but so far interestingly it is giving higher lows here beautifully and if you look at the preceding candle preceding candle was a swing candle with a smaller green body

And I have mentioned many times earlier in my monthly review as well that now as long as 1980 2,000 levels are not taken on the downside or rather I will say 1972. 5 and 2000 zone is not taken on the downside we should not be treating

Gold as bearish yes gold still has a potential to reverse and Rally from the current levels Be watchful of this why now look at the opening of the candle the candle opened Beyond this and it is traded in green and then we have seen a pullback second observation here is

Higher lows are seen it has failed to break the support levels on the downside which suggest that it can still reverse and continue with the bullish momentum there is a strong probability to it now right now it is looking downwards it is trading bearish thus only and only if

You see gold trading above 2060 65 in the coming days then we can consider that as a reversal Beyond this Zone we will look forward to 2100 levels again yes if it stays over 20 60 65 we can consider this for a reversal now look at

The stock itic this is overbought and it is trying to look down but look at magd it has crossed over here and since then it is trading bullish looking up the only concerned Point here is see the gradient here and here are almost alike but right now it is the angle here is

Almost lesser compared to the slope here does it suggest that this is under retracement however it is still bullish not to be treated bearish RSI almost comfortable tried to look down downwards now coming to the week on the weekly charts beautifully if you look at the last three candles reversal sign one be

Candle lower highs and consistently lower lows yes all the lows and the highs are beautifully aligned here also it the prices were Divergent from the 20 period moving average we have seen it converging towards the 20 and if you just align these levels here you will find every time these last three drops

We have seen gold reversing from these levels and continuing to rise look at the momentum here and this is the third drop it does mean that a bounce back from the current level a rise above 2065 level was certainly should be a sign of a good reversal where we will look

Forward to 2072 2084 and after that we will look forward to 2120 Zone as well possibility is there because it is still trading in this bullish manner yes consistently higher highs higher lows are seen the stock high sck is almost flat magd traded in green it tried to

Converge it is not yet crossed over the crossover here is what we can look forward to but right now if you look at first wave second wave and it still has a potential to achieve the highs here yes it can continue to diverge from the current levels does a Greener candle

Coming week uh move above 2060 65 Zone certainly should be watch out for where we can look forward to 20 8085 and then 2100 2120 levels the next week is going to be critical a stock RSI looking downwards coming to the daily chart likewise on The Daily charts look at the

Move here this is since mid of October you can find this is the first wave this is the second second wave yes it is crossed on the upside for once it is forming a tilted Head and Shoulders but yes if you look at the move here first

Second and this is the third move yes it is still respecting the lows here second observation here is what has happened in the last couple of days here see first of all price has reted towards the 20 period 50 period moving average then now towards the 100 period and it is trying

To bounce back couple of retracement candles then sharp red candles then minor retracement candle now here on The Daily charts it is still trading bearish in this Channel and that is why again I’m saying it has to break Above This Zone in order to confirm a breakout

Which will result into a rally now right now if you look at the preceding candle the last trading session it was a Greener candle however it failed to sustain the rise and almost it is closed at the medium see the move from 2020 to 2040 levels and where did it close

Almost at 2030 precisely 50% of the complete move suggest there can be still bullish momentum which can be seen in the coming days but as I said it is right now still yielding lower highs lower lows that is why first we will wait for it to break Beyond

2052 and then 20 60 65 levels yes these two levels are taken then you can treat this as bullish a stock itic trying to rise see magd has seen a stronger bearish move and it is still Trading bearish tried to converge failed to cross over now I have several times

Earlier highlighted look at the peak on The Daily charts of magd whenever we have seen gold coming to these levels it has started to retrace and I have been telling these since these levels since then gold has traded bearish right now still there is a possibility of a

Reversal but it is not showing any signs of a crossover the crossover is what I will look forward to RSI after the drop started to rise coming to 4 now look at the 4our charts here see first of all there was a sharper drop taking the support here it has retraced it has

Achieved the highs here it has breached P this consolidation zone now look at the last few candles on the last trading session we have seen it getting support at around 24 22 zone which is definitely a very good support for now and then 1820 if these two levels are taken on

The downside in the coming week possibility of a further drop exist which may take the prices towards 2015 2014 at the first support levels and then 28210 now if gold is seen trading below 28210 we can say further bearishness to Prevail but right now looking at these candles it suggests

That possibility of a bullish momentum exist any rise in the coming or first trading session which may take the prices above 40 42 levels we can consider that as a breakout or a reversal indication where we can look forward to 2052 and then 20 6065 as in how it breaks these level the

Take over stock itic has dropped a bit magd on the 4r charts has started to diverge looking upwards and it can continue to G give a Greener wave see this was the first wave second wave and it is still having the possibility which suggest that yes by this time it reaches

Here it the price would have already crossed 2060 levels and then we can say now the Bulls will be back RSI has retested it has shown a v-shaped recovery but it has come to the comfortable zone so now we have seen all the time frames and time for me to give

You the now trading levels and strategy for the coming week before I give you the levels if you want to learn this art of trading you can join my 28th mentorship commencing on 29th of January register yourself now equip yourself with the right tools and strategies which can help you identify profitable

Trends and profitable trades easily reach out to me for more details write down over email or Telegram and if you want to join the signals channel on telegram reach out to Mu as well and yes all the details related to the services are available on my platform www.forex.com link is shared in the

Video and channel description and yes uh the platform do have much more information for you where you will get economic calendar the live charts with Advanced tools and yes the Forum where you can discuss with the like-minded Traders and yes you can also book a call

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Now let’s talk about the levels to buy now coming week 2036 you can buy but I will wait for it to break below Beyond 20 40 42 Zone that is the first resistance Zone and if it breaks Beyond this we can look forward to 20 50 52

Levels now once 2050 52 is taken that is the point of time where you should stay bullish after this possibility of buyas the dips will be higher from these levels but after this we will look forward to 20 60 and 65 Zone the next resistance this is the Zone after which

Certainly we are looking forward to only bullishness in Gold where we will look forward to 20 72.5 2084 and after this 2100 2100 12 levels cannot be denied yes if it can drop sharp it can rise sharp as well th we have to trading with caution Beyond 20665 certainly more bullish momentum after

20284 at least you should not be thinking of a sell and yes we are going to look forward to 2100 2100 20 levels now that is the case if it is staying bullish but what happens if it trades bearish from the current levels where you should sell you can sell here at 20

24 but then 28 18 2020 Zone on the downside first support very strong support 2014 the next and then 2011 208 now once it breaks below this Zone 201108 the next Target is directly towards 1997 2000 that is going to be a great great support and if it breaks below this then

I will be looking forward to 1980 levels yes 1980 is achieved able below 1980 is where major crash is awaited where there is a slight Gap also to be filled by gold on the downside that is extremely at lower levels 1835 1845 Zone I do not see it breaking possibility of it to

Bounce back it still exist strong in the month of January we can expect it to show a Greener candle but we have to be trading with caution only trade as per the levels just do not go by the bias and as in how it breaks one of these

Levels just keeps shifting your stop losses trade accordingly like share subscribe and comment join my mentorship batch webinar series signals Channel and reach out to me for more details join the free telegram Channel or join the platform Forex fund.com thank you very much have a great profitable trading day ahead thank