XAUUSD Goes Long. Let's Make Gold Shining Bright Again.
As of January 21, 2025, the price of Gold spot is trading nearly at $2750. The recent price movements and technical indicators suggest a bullish sentiment in the gold market.
Recent analyses indicate a strong bullish trend for gold, supported by various technical indicators:
Moving Averages:
Strong Buy signals across all moving averages, from Short-term (5-day) Simple Moving Average (SMA) to Long-term (200-day) SMA , and that is suggesting a bullish outlook, supported also by 125-day SMA earlier in Q4 2024.
Support and Resistance Levels:
Resistance Levels: The key resistance level is set around $2800.
Support Levels: Immediate support can be observed near $2720, as Reversed Head-and-Shoulders technical structure is happening right now.
Market Sentiment:
The overall market sentiment appears to be optimistic due to factors such as:
A weakening US Dollar, which typically boosts gold prices.
Anticipation of potential interest rate cuts from the Federal Reserve, which could further enhance gold's appeal as a safe-haven asset.
Despite of dirty political tricks, Gold spot overperforms major US stock indices so far in 2025, and has printed already several new ATHs in 2025 against Euro
XAUEUR and British pound XAUGBP
In conclusion, the technical analysis for gold indicates a strong bullish trend with positive momentum, although caution is advised due to overbought conditions in some indicators.
Recent analyses indicate a strong bullish trend for gold, supported by various technical indicators:
Moving Averages:
Strong Buy signals across all moving averages, from Short-term (5-day) Simple Moving Average (SMA) to Long-term (200-day) SMA , and that is suggesting a bullish outlook, supported also by 125-day SMA earlier in Q4 2024.
Support and Resistance Levels:
Resistance Levels: The key resistance level is set around $2800.
Support Levels: Immediate support can be observed near $2720, as Reversed Head-and-Shoulders technical structure is happening right now.
Market Sentiment:
The overall market sentiment appears to be optimistic due to factors such as:
A weakening US Dollar, which typically boosts gold prices.
Anticipation of potential interest rate cuts from the Federal Reserve, which could further enhance gold's appeal as a safe-haven asset.
Despite of dirty political tricks, Gold spot overperforms major US stock indices so far in 2025, and has printed already several new ATHs in 2025 against Euro
XAUEUR and British pound XAUGBPIn conclusion, the technical analysis for gold indicates a strong bullish trend with positive momentum, although caution is advised due to overbought conditions in some indicators.
Trade active
January 24, 2025
👉 It's gone 5 full days or so, since 47th President-elected Mr. Trump entered White House again. Fortunately or not, all the roads lead to be pro-inflationary 4-years presidential cycle again, 3rd time in a row.
👉 1st Trump's 4-year term brought Gold from $1200 to $1800 (+50% in 4 years), while Biden's 4-year term brought Gold up +50% again, from $1800 to $2700.
👉 Guess... what is next, by January, 2029 (P.S. Currently it is double top).
Note
January 29, 2025
Gold steady to further upside price action
Note
January 30, 2025
👉 Gold spot
XAUUSD shines as a safe-haven asset, hit new ATH near $2'800 per ounce amid of Mr. Tariff threats.
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