Gold trading strategy on January 14: The technical aspect is still strong, the 1831 mark is a key provider FX678

Gold trading strategy on January 14: The technical side is still strong, and the 1831 mark is critical

Spot gold rose slightly on Friday (January 14), and the short-term technical outlook is still strong, and there may still be room for growth in the market outlook.

Day level:Gold prices bottomed out and rebounded on Thursday, ending slightly lower, with a pause in gains, as U.S. PPI showed that U.S. inflation may be peaking.

However, the technical bulls are still strong, the MACD is golden, and the RSI has not touched overbought. The market outlook is expected to have room for further growth.

Before breaking through the high level of 1831 on January 3, the important resistance above, the price of gold may continue to consolidate at a high level.

After breaking through 1831, the upper space will be further opened, which may trigger a large influx of buying orders. It is recommended that investors continue to chase the gains. Focus on the high of 1849.13 on November 22 and the high of 1865.73 on November 19.

The initial support below is concerned with yesterday’s low of 1812.46, and further concerned with the psychological mark of 1800.00 and the high of 1793.15 on December 8.

(Spot gold daily chart)

Resistance level:1831.88;1849.13;1865.73
Support level:1812.46;1800.00;1793.15

Short-term operation suggestions:Below 1831, wait and see or do more wet storage, and break through 1831 to catch up.

At 13:45 Beijing time, spot gold was reported at $1,827.66 an ounce.

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