GOLD PLAN (FRIDAY / 17-JAN-2025)
TRADINGVIEW: Plan day 17 Jan , 2025
⭐️Personal comments by Pips & Profit:
Gold has completed its recovery to 2724, and the large sellers in this area will push the price back below 2700 before consolidating and rising again. This is consistent with the market awaiting the inauguration of President TRUMP.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2688 - $2686 SL $2681
TP1: $2695
TP2: $2702
TP3: $2710
🔥SELL GOLD zone: $2723 - $2725 SL $2728 Scalping
TP1: $2718
TP2: $2713
TP3: $2705
🔥SELL GOLD zone: $2732 - $2734 SL $2739
TP1: $2725
TP2: $2710
TP3: $2700
The chart provided is a 1-hour chart for XAUUSD (Gold spot price against the US Dollar). Here is an analysis based on the details visible in the chart:
Uptrend Channel:
The chart shows an ascending channel marked by two parallel purple trendlines, indicating a bullish trend. The price is respecting the channel, with higher highs and higher lows.
Key Levels:
Scalp Sell Zone: A marked zone near the $2,720-$2,724 range, where potential short trades are identified. This level appears to act as a resistance area.
Entry Sell Zone: A higher zone indicated for potential short entries, showing the strategy to wait for the price to reach this level before entering.
Support Zones: Two green zones are highlighted as potential targets or support levels:
Around $2,698.
Around $2,690-$2,688.
Trend Expectation:
The chart suggests the price could rise into the Scalp Sell Zone or Entry Sell Zone and then reverse downward, with arrows pointing toward the support zones.
This analysis aligns with a countertrend strategy aiming to sell near resistance and buy near support.
Indicators:
There are moving averages plotted on the chart. The price is currently above these lines, further confirming the bullish momentum in the short term.
The green dotted line around $2,698 seems to be a dynamic support level or perhaps a moving average or pivot level.
Potential Trade Plan:
Sell Scalp Strategy: Enter a short position near $2,720-$2,724, targeting the support levels around $2,698 or $2,690.
If the price breaks below the $2,688 support, a further decline could occur.
A stop-loss would likely be placed above the Entry Sell Zone to manage risk.
Always support and accompany Pips & Profit by LIKE AND COMMENT TRADINGVIEW. Thank you very much everyone 🎁🎁🎁
⭐️Personal comments by Pips & Profit:
Gold has completed its recovery to 2724, and the large sellers in this area will push the price back below 2700 before consolidating and rising again. This is consistent with the market awaiting the inauguration of President TRUMP.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2688 - $2686 SL $2681
TP1: $2695
TP2: $2702
TP3: $2710
🔥SELL GOLD zone: $2723 - $2725 SL $2728 Scalping
TP1: $2718
TP2: $2713
TP3: $2705
🔥SELL GOLD zone: $2732 - $2734 SL $2739
TP1: $2725
TP2: $2710
TP3: $2700
The chart provided is a 1-hour chart for XAUUSD (Gold spot price against the US Dollar). Here is an analysis based on the details visible in the chart:
Uptrend Channel:
The chart shows an ascending channel marked by two parallel purple trendlines, indicating a bullish trend. The price is respecting the channel, with higher highs and higher lows.
Key Levels:
Scalp Sell Zone: A marked zone near the $2,720-$2,724 range, where potential short trades are identified. This level appears to act as a resistance area.
Entry Sell Zone: A higher zone indicated for potential short entries, showing the strategy to wait for the price to reach this level before entering.
Support Zones: Two green zones are highlighted as potential targets or support levels:
Around $2,698.
Around $2,690-$2,688.
Trend Expectation:
The chart suggests the price could rise into the Scalp Sell Zone or Entry Sell Zone and then reverse downward, with arrows pointing toward the support zones.
This analysis aligns with a countertrend strategy aiming to sell near resistance and buy near support.
Indicators:
There are moving averages plotted on the chart. The price is currently above these lines, further confirming the bullish momentum in the short term.
The green dotted line around $2,698 seems to be a dynamic support level or perhaps a moving average or pivot level.
Potential Trade Plan:
Sell Scalp Strategy: Enter a short position near $2,720-$2,724, targeting the support levels around $2,698 or $2,690.
If the price breaks below the $2,688 support, a further decline could occur.
A stop-loss would likely be placed above the Entry Sell Zone to manage risk.
Always support and accompany Pips & Profit by LIKE AND COMMENT TRADINGVIEW. Thank you very much everyone 🎁🎁🎁
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