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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Monday, January 24, 2022

GOLD: Gathering Strength

I last wrote about GOLD in my post of December 21, 2021.

Since then, it's remained caught in a large sideways consolidation zone, as shown on the following charts.

What has happened, however, is that the William's Alligator has begun to curl upward on the daily and weekly timeframes...hinting of building strength.

Major resistance remains at 1,850 and major support at 1,750. Watch for a break and hold above or below those levels to confirm price direction for the coming days/weeks.



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