goldTrading Outlook

GOLD; WEEKLY FORECAST -IMPORTANT TRADING LEVELS.FROM JANUARY, 20,2020 TO JANUARY,24,2020

Safe Heaven Appeal!

Though gold is having a piece of strong baggage in terms of safe heaven while any uncertainty,

it has also been endorsed that a lot of fundamental fronts along with geopolitical scenarios is preferring this.

however, we are in the view that gold is going to initiate its plunging journey sooner than later even otherwise it also needs to have a correction.

Preference!

Firstly we prefer to find a good selling point that is according to our analysis: sell below 1580 for the target of 1530/1513 zone

whereas stop loss would be around, 1617

Alternative Scenario!

Lastly, if the break out of 1617 occurred it will go further up and attract the handlers of 1649/1683 zone.