GOLD Technical Outlook (26-30 January,2015) | January 25, 2015

GOLD is still above from 1282 support level. If it can stay above this support area, then we can stay on bullish mode. 1280-1282 is good zone for buy and target will be 1300 area. If it break 1280 level, then we can see bearish momentum on gold. So this level is critical for next movement.


On the other hand, if we resistance area at 1322 area. So if we find gold on that level, then we can sell from that area.


In weekly chart, we can see bullish power on weekly chart. It is also indicating for bullish movement. Daily candle has also bullish power. So our recommendation for gold is to stay on bullish mode above 1280 level.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1325

Resistance One (R1): 1309

Pivot Point: 1289

Support One (S1): 1273

Support Two (S2): 1253