#XAUUSD (GOLD) READY TO SELL .. WEEKLY ANALYSIS
Hello Everyone here is My Today's #XAUUSD (GOLD) Market Analysis
Please check & share Your opinions in the comments section thanks 🙏
Today, on Monday 20th January 2025 #Gold is currently trading at ( 2707 ) with a key pivot point at 2722. I am supporting the #Sell_Side today as the price remains below key levels.
The market’s next movement depends on its behavior around this critical level.
📉Bearish Scenario: If Gold remains below the pivot point (2722) it will bring Gold towards the following targets:
📉Target 1: 2696
📉Target 2: 2680
📉Target 3: 2670
📉Support: 2666, 2660
Before reaching these targets, Gold may test the First resistance zone at (2714 / 2720) but overall, the bias is to sell.
📈Bullish Scenario: If Gold breaks the pivot point ( 2722 ) and closes a 4-hour candle above it, this could open the path for further upside movement potentially testing the following resistance levels:
📈Resistance : Supply Zone : 2738/ 2744
📈Long-term Resistance: 2750/2760
📊Key Levels:
📊Pivot Point: 2722
📉Target 1: 2696
📉Target 2: 2680
📉Target 3: 2670
📉Support: 2666 2660
📈Resistance: 2714 / 2620
📈Supply Zone: 2738 / 2744
📈Long-Term Resistance 2750 / 2660
📊 Trend Outlook
📉Bearish Trend: Below 2722 & 2700
📈Bullish Trend: Above 2722 & 2730 with a confirmed close in a 4-hour candle
If you like my Analysis Don’t forget to like follow, and comment 👍Thanks 🙏🏻
Please check & share Your opinions in the comments section thanks 🙏
Today, on Monday 20th January 2025 #Gold is currently trading at ( 2707 ) with a key pivot point at 2722. I am supporting the #Sell_Side today as the price remains below key levels.
The market’s next movement depends on its behavior around this critical level.
📉Bearish Scenario: If Gold remains below the pivot point (2722) it will bring Gold towards the following targets:
📉Target 1: 2696
📉Target 2: 2680
📉Target 3: 2670
📉Support: 2666, 2660
Before reaching these targets, Gold may test the First resistance zone at (2714 / 2720) but overall, the bias is to sell.
📈Bullish Scenario: If Gold breaks the pivot point ( 2722 ) and closes a 4-hour candle above it, this could open the path for further upside movement potentially testing the following resistance levels:
📈Resistance : Supply Zone : 2738/ 2744
📈Long-term Resistance: 2750/2760
📊Key Levels:
📊Pivot Point: 2722
📉Target 1: 2696
📉Target 2: 2680
📉Target 3: 2670
📉Support: 2666 2660
📈Resistance: 2714 / 2620
📈Supply Zone: 2738 / 2744
📈Long-Term Resistance 2750 / 2660
📊 Trend Outlook
📉Bearish Trend: Below 2722 & 2700
📈Bullish Trend: Above 2722 & 2730 with a confirmed close in a 4-hour candle
If you like my Analysis Don’t forget to like follow, and comment 👍Thanks 🙏🏻
Trade active
#XAUUSD (GOLD) UPDATE 20 JANUARY 2025
Hello Everyone here’s the latest #XAUUSD (GOLD) Market Update!
Our analysis played out #Perfectly 🎯 Let’s break down the moves:
📊First Move: #Gold respected our first resistance area (2714/2720) but initially hit (2712 )giving us +50 pips in buy 📈
📊Second Move: Gold dropped to (2701) hitting our sell targets and securing (+110 pip) in Sell 📉
📊Third Move: Gold rebounded and fully respected our #Bullish outlook, breaking through:
📈First resistance: 2714 / 2720
📈Supply zone: 2738 / 2744
📈Long-term resistance 2750 / 2760 (which has now been broken)
Gold is now running at 2752
Total Pips Secured:
📈Buy Trade: +50 pips from 2707 to 2712
📉Sell Trade: +110 pips 2712 to 2701
📈Bullish Breakout: 480 pips from 2701 to 2738 & 2744 Supply Zone
📈Extended Rally: 80 pips from 2744 to 2752
➡ Total: +720 Pips Today 🚀✅
📊Updated Market Outlook*
📈Bullish Scenario: Gold has broken above long-term resistance (2750 ) indicating strong upside momentum. If Gold break ( 2760) we could see further bullish movement towards 2775 and 2785 next.
📉Bearish Scenario: A rejection near (2755 /2760) could trigger a pullback toward (2738 /2722 ) before resuming an uptrend.
📊Key Levels to Watch:
📉Support : 2738 / 2722 / 2700
📈 Next Resistance Levels: 2755 /2660 / 2775 / 2785
✅Our Analysis Was Spot On!** Let me know your thoughts in the comments & share your feedback! 🚀📈
💬Did you catch these moves? Let me know below!
Thanks For Supporting 🙏🏻
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.