There are new target zones to look for golds purchasesOil price is currently being corrected down in the middle-term uptrend. Remember, buy target is Target Zone 3 [55.39 – 54.96]. and the best prices are in the zone of [49.96 – 49.53].
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XAU trading tips for today:
- Buy according to the pattern in Additional Zone [1295.9 – 1295.1]. TakeProfit: 1303.9. StopLoss: according to the pattern rules.
- Buy according to the pattern in Intermediary Zone [1287.4 – 1285.7]. TakeProfit: 1303.9. StopLoss: according to the pattern rules.
XAGUSD
Silver price is rising. Hold up the middle-term purchases according to the trading tips. The first target is level 15.87, the second one is at Target Zone 3 [16.12 – 16.05].The short-term trend is also upward. Last week, traders were testing the key support at [52.10 – 51.89]. They couldn’t break the zone out, and the buy pattern emerged at the end of the week.For today, I recommend buying oil form the broken out Additional Zone [52.79 – 52.68], which is the support level. Stop Loss should be set beyond level 51.78. The target profit may be set at:
- Local high of January 21
- Target Zone 3 [55.39 – 54.96]
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USC trading tips for today:Buy from Additional Zone [52.79 – 52.68]. TakeProfit: 54.20, Target Zone 3 [55.39 – 54.96]. StopLoss: 51.78.
XAUUSD
Last Friday, gold price renewed the high of this year. The trend remains upward. The key support is now at [1270.4 – 1267.0].
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Let’s see the shorter timeframe. The gold short-term trend is also upward. The local high has been broken through, but to draw the price higher, traders need break out Target Zone 3 [1301.7 – 1298.3].Until the zone is broken out, I don’t recommend to hurry up with purchases. I recommend you to wait and see whether buyers will manage to consolidate above the resistance, or the price will be corrected. In case of a correction, I suggest looking for buys in Additional Zone [1295.9 – 1295.1] or in Intermediary Zone [1287.4 – 1285.7] with the target to renew the previous high.
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The local trend reversed upwards through the breakout of the resistance at [15.57 – 15.53] and consolidation above last Friday. Now, the buy target is Target Zone [15.96 – 15.89]. I recommend looking for purchases in the trend in the zone of [15.57 – 15.42].Alternative scenario to sell: Selling will be relevant is the key support Intermediary Zone is broken out with consolidation below. If so, I recommend you to reverse and sell silver with a target in the lower TZ [15.09 – 15.02].
XAGUsd trading tips for today:Buy according to the pattern in [15.57 – 15.42]. TakeProfit: Target Zone [15.96 – 15.89]. StopLoss: according to the pattern rules.
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