Gold Technical Chart Analysis from Impact Trading Services

[ImpactTradingService]

Live update.

Gold Asian Session just gave a 3 5 15 minute intraday short trade signal at the 1950 resistance area.

If the hour candle and 4 hour candle also confirm, that could signal a larger pullback on the day.

Plan your trade entry
Plan your stoploss
Plan your profit targets

Become a consistently profitable trader.

For more information on Forex Trading and Training Services:

Subscribe and Join the Impact Trading Services Community:
https://www.youtube.com/@impacttradingservices (youtube)
https://t.me/impacttradingservicesgold (telegram channel)
https://t.me/impacttradingservices (telegram group)
https://www.linkedin.com/in/impacttradingservices (linkedin)

 

[ImpactTradingService]

Live Asian Update

Gold Chart Pattern Jan 25th

Supply Resistance level 1950

Pattern:
Raising Wedge Break out Sell Signal

When Chart patterns line up with supply demand support resistance levels, they are a great tool to help you make profitable trades decisions with price confirmation.

Plan your trade entry
Plan your stoploss
Plan your profit targets

Become a consistently profitable trader.

 

[ImpactTradingService]

Gold Week in Review Jan 23rd - Jan 27th

Great trading week. 1930 - 1950 Held as supply, resistance early in the week with a pull back down to 1910 -1920 area were price found support for trend continuation.

Gold made a new high towards the end of the week in the 1940 - 1950 area at 1949 depending on your data feed..... Finding support in the 1920 area.

Look for the upcoming weekly analysis for the week of Jan 30th - Feb 3rd

Plan your Trades.
Plan your Entry
Plan your Stoploss
Plan your Profit Target

Become a consistently profitable trader.

Subscribe and Join the Impact Trading Services Community: https://www.youtube.com/@impacttradingservices (youtube)
https://t.me/impacttradingservicesgold (telegram channel)
https://t.me/impacttradingservices (telegram group)
https://www.linkedin.com/in/impacttradingservices (linkedin)

 

[ImpactTradingService]

Resistance 1930 - 1950 area
Support 1910 - 1920 area

Should price break 1950 look for supply to enter the market.
Should price break 1910 look for demand to enter the market.

Plan your Trades.
Plan your Entry
Plan your Stoploss
Plan your Profit Target

Become a consistently profitable trader.

Subscribe and Join the Impact Trading Services Community: https://www.youtube.com/@impacttradingservices (youtube)
https://t.me/impacttradingservicesgold (telegram channel)
https://t.me/impacttradingservices (telegram group)
https://www.linkedin.com/in/impacttradingservices (linkedin)

 

[ImpactTradingService]

 

[ImpactTradingService]

Price is testing the support level of 1920

What to expect from here:

1. False break out short from 1920 then price moves to continue the trend up to 1950 - 2000.

2. Real break out, retest of 1920 as new resistance, then price moves lower to retest support of the 1900 - 1910 area.

 

[ImpactTradingService]

Mid week update:

Gold found support at 1900 during the London Session on Tuesday for a trend continuation trade.

Now consolidating between 1950 - 1960 for the next push up towards 2000 or a retest of the 1920 - 1940 area then a possible move up towards 2000.

Be ready for supply / resistance trades between 1960 - 2000.

Our trade plan will be to wait until price moves up in to supply and then trade a pull back for 2000 - 6000 pips should price push in to the supply levels of 1960 - 2000

 

[ImpactTradingService]

Great trading week.

1950 - 1960 Held as major supply, resistance with a pull back down to 1860 area.

Look for the upcoming weekly analysis for the week of Feb 6th - 10th

Plan your Trades.
Plan your Entry
Plan your Stoploss
Plan your Profit Target

Become a consistently profitable trader.

Subscribe and Join the Impact Trading Services Community:

https://www.youtube.com/@impacttradingservices (youtube)
https://t.me/impacttradingservicesgold (telegram channel)
https://t.me/impacttradingservices (telegram group)
https://www.linkedin.com/in/impacttradingservices (linkedin)

 

[ImpactTradingService]

Support 1840 - 1860 area

Should price break support look for demand to enter the market around the 1800 - 1820 area.

Should support 1840 - 1860 hold look for trend continuation up to 1950 - 2000 area with short term pull backs at levels of supply, resistance as price moves to higher highs up to the 2000 area.

Plan your Trades.
Plan your Entry Plan your Stoploss
Plan your Profit Target

Become a consistently profitable trader. Subscribe and Join the Impact Trading Services Community:

https://www.youtube.com/@impacttradingservices (youtube)
https://t.me/impacttradingservicesgold (telegram channel)
https://t.me/impacttradingservices (telegram group)
https://www.linkedin.com/in/impacttradingservices (linkedin)

 

[ImpactTradingService]

Support 1860 area
Resistance 1885 - 1990

Trade psychology note: Always book your profits.

Place trades in the direction the market is moving.

Gold is consolidating right now for the next move up or down.

Plan your Trades.
Plan your Entry
Plan your Stoploss
Plan your Profit Target

Become a consistently profitable trader.