Today's View on Gold by Money life Research

[moneyliferesearch]

‼ ️In last night's trading session, world gold price had 2-way fluctuations. After the price dropped from 1863 to 1834 (2-way amplitude of 29 $). Gold ended the day with a bearish candlestick at 1841. In my opinion the close is almost equal to the closing price of the other day (January 27), the possibility of selling has begun. leveled off and today buying priority would be more reasonable.

Moving to the H4 time frame, we can see that Gold price is creating a support zone around 1834 when the price reached this zone in 2 days and rebounded. So in my personal opinion around 1834-1837 we can make a long position with the precious metal Gold. The safe target for profit taking will be below the 1860 price zone. This is also the closest resistance level for Gold today.

 

[moneyliferesearch]

After the wide outbreak of COVID-19, there has been a widespread panic over how it will affect the global economy. Traders have been speculating as to how this will affect the forex market.

In the year 2020, the forex market has remained quite stable as compared to the other markets. The main currencies driving this market are Euro and USD. February 2020 saw a value-added to Euro due to the outbreak in Italy. Since March 2020 there has been a daily movement between 100 to 300 on the pips chart on EUR/USD.

Forex signals can help you to understand when to invest or liquidate your funds in this market for a profitable investment (pips profit).

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#1. EUR/USD

This represents two major economies of the world. The major part is highly liquid. The exchange rate is reliant on European Central Bank and US Federal Reserve interest rates.

#2. GBP/USD

The exchange rate is reliant on the interest rates set by the Bank of England and US Federal Reserve Banks. One additional factor monitoring this currency is the UK's departure from the EU.

#3. USD/JPY

The US Dollar and Japanese Yen is one of the major pairs in the exchange market and shows the highest form of liquidity. USD is one of the most traded currencies in the global market and the Japanese Yen is the most traded in the Asian market.

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The forex market has caused huge losses to inexperienced and uneducated traders over past years and therefore there are certain live Forex tips that you need to consider before investing in this market.

 

[moneyliferesearch]

In the last trading week after falling to 1752 precious metals Gold bounced sharply to 1813, closing the weekly candle with a bullish candle around 1798. With Gold retracing shortly after touching again. resistance zone 1813 to 1795, in my opinion, in the beginning of today's trading session, Gold will continue to correct after the hot rally of 61$ at the end of last week.
Switching to the shorter time frame H4 the nearest resistance area for this precious metal is around 1805, where we can refer to a short signal with a safe target around 1790 and hope. further is around 1783. Here we are looking at signals to start long again with this precious metal.
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[moneyliferesearch]

- Closing yesterday's session, precious metal Gold can gain 1 day. The price fell slightly at 1802 then went up again around 1813, closing the daily candle around 1811. With the following high higher than the previous high and the increasing force appearing gradually, in my personal opinion we will be biased. on the uptrend in this precious metal in early trading today.
- Currently, Gold is still facing resistance at around 1813-1815, so it is likely to correct slightly in the beginning of the session. And if Gold has a correction to 1802-1806 today, we can buy with a safe target of 1813 and expectation of 1817-1820 in today's session.
#goldsignals #goldtips #comexsignals #comextips

 

[moneyliferesearch]

#GBPUSD h1 main trend is still bullish. However, it is possible that the pair will have a short correction early today before continuing to move up. It is recommended to wait to buy when the price returns to 1.3460

 

[moneyliferesearch]

- Ending yesterday's session, precious metal Gold closed the day with a bearish candle with strong force around 1790. With the break of 1800 support, this price area will become a resistance price zone. resistance in today's trading session. -
- After falling below 1800 level this precious metal quickly fell to the support zone at 1786. And in my opinion at the beginning of today's trading session, it is likely that Gold will recover around this price zone, we will still maintain the up buy signal like last night to 1797-1800 and wait for the price reaction there. It is likely that to this price zone, the downward pressure on precious metal will appear again.

 

[moneyliferesearch]

- Ending the last trading week precious metal Gold closed the week with a bearish candle around 1796. Although it closed the week with a bearish candle, this is also a strong support area for precious metal Gold and I expect at the beginning of this week's session Gold will continue to increase.
- Switching to the daily chart time frame, we can see that on Friday, Gold had 1 day of gaining again after 2 days of strong decline before. The Friday candle also supports the uptrend so we continue to maintain the previous buy order with target 1802-1807.

 

[moneyliferesearch]

- In yesterday's trading session, precious metal Gold went right as analyzed when it bounced up from 1789 to 1802, closing the day's session with a rising green candle around 1801. With gaining momentum back In the last 2 trading days and the psychological resistance level of 1800, in my opinion at the beginning of today's session, we will continue to maintain our preference for buying with Gold.

- Moving to the H4 time frame, we can see that Gold is also gaining quite well and the nearest support zone pushes this precious metal up around 1796-1798. If Gold can recover to this price zone then this is a good price to buy in with precious metal Gold with a safe target around 1805-1810.

 

[moneyliferesearch]

- In yesterday's trading session, precious metal Gold went right as analyzed when it bounced up from 1800 to around 1823, closing the day session with a strong bullish green candle. With the closing with this dominant bullish candle, the buy option will be prioritized in today's session.
- We can see the next resistance area for this precious metal Gold is around 1830-1834 but before going up here I expect Gold will have a slight correction before going up and possibly breaking. broke the resistance zone 1830-1834. In the beginning of today's trading session we may consider short selling this precious metal to the price range 1815-1817 when the precious metal comes here we consider a buy signal, then I will update later.

 

[moneyliferesearch]

- In yesterday's session, precious metal Gold went right as analyzed when it fell to 1814 and then bounced up to 1828, closing the day session with a bullish candle around 1825. This is the fourth day in a row that Gold keeps this uptrend and in my opinion it is likely that Gold will continue to rise in today's session.
- Gold is currently meeting the old resistance area around 1828-1832, so it is possible that in the beginning of today's session, Gold will have a slight correction before it can rally again and if there is any deep correction. then in my opinion it is an opportunity for us to establish a buy position. The closest support area for this precious metal is around 1814-1817 if Gold drops to this price range we can establish a buy position with the target at the "old top" 1828-1832 and my expectation Gold will can break this "top".