Market News:
Clock Icon
point logo

TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

GOLD January, 27 2020

Technical Analysis
Monday, January 27, 2020 - 12:39
Point Trader Group
GOLD January, 27 2020

Overview:

The pair is trading below a strong resistance level around 1588, as the pair bounced down around this level previously and the same scenario may be repeated again

Expected:

Continued trading below the aforementioned resistance level might push the pair down to 1575

Alternative Scenario:

Breaching 1588 level up, may push the pair to rise to 1595


 

Resistance1588.001590.001595.00
Support1575.001570.001565.00

 

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

Related Topics

Latest Education Articles

Withdrawals from Forex Brokers: When Should You Worry — and When Can You Feel Safe?
Wednesday, December 17, 2025 - 20:52
How to Choose the Best Forex Broker
Friday, December 05, 2025 - 10:09
What to Do After a Losing Streak?
Friday, November 21, 2025 - 02:59
Herd Mentality in the Forex Market: How Consensus Can Mislead You
Thursday, August 21, 2025 - 01:20

REQUEST A CALL BACK

Get financial advice from Point Trader Group experts.

YOU CAN TRUST POINT TRADER GROUP

For free expert financial advice.

CONTACT US
Open your Real Account now

Start making money from your home!

OPEN REAL ACCOUNT
Try the Demo Account now

Get your free demo trading account!

TRY DEMO ACCOUNT