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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...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Decorating the tree

Decorating the tree

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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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