Gold (XAUUSD) Uptrend Looks Intact in a Bigger Ascending Channel

Spot gold price now $1,814 and may break a support at $1,812 per ounce, and fall to $1,801, as suggested by a rising channel and ratio analysis.

The uptrend is deemed intact within a bigger rising channel. It is riding on a wave C, which may travel far above $1,877.

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XauUsd Gold Daily Level (27/01)

R3 1864.14
R2 1849.79
R1 1841.40

Pivot 1827.82

S1 1814.24
S2 1805.85
S3 1792.27

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Trading Plan

Buy 1802
SL 1790

TP1 1814
TP2 1826
TP3 1832
TP4 1841
TP5 1849

- Price Now: 1814
- US Durable Goods Orders and US Gross Domestic Product in next 7 hours

*Your decision to use our signals entirely at your own risk.

*Cuan Asia