GOLD Forecast jan 14 - 18

Gold had another mixed week, though it closed very slightly higher at 1662.80 , and lost all gains of the week on Friday. From the chart above, the golden bull may still be around as the closing prices rest above a significant bearish channel line (blue). As such, we can expect an extended rally though a tough resistance is waiting at 1668.70 , once broken, it will try to test 1679.00 . But, should the major bearish trend comes to play, and either resistances manage to hold, then the downside targets lay waiting at 1646.00 and 1629.50 .

Emas telah mengalami minggu berkecamuk yang kedua dan menutup perdagangan di level 1662.80 , dengan melepaskan semua keuntungan pada hari Jumat. Berdasarkan chart diatas, banteng emas mungkin masih ada, karena harga penutupan berada diatas garis bearish channel (biru). Dengan demikian, kelanjutan reli mungkin akan berlaku untuk menguji resistan yang cukup tegar di level 1668.70 , apabila mampu dilewati, akan berlanjut ke level 1679.00. Namun jika tren bearish utama ingin bermain dan para resistan mampu bertahan, maka sasaran ke selatan berada di level 1646.00 dan 1629.50 .