XAUUSD 30/12/24Our final gold markup before 2025 arrives and we transition into a new trading year! As expected, the Christmas period brought low trading volume, which leads us to review the setups from last week. With the New Year approaching quickly, we anticipate volume will remain low until 2025. Here’s last week’s text for additional context.
XAUUSD Analysis
Last week, we began with a bullish bias, but our outlook quickly shifted to bearish by Monday's close. This shift led to the significant downside movement observed during the latter half of the week, driven by fundamentals. We saw a substantial run targeting the lower levels, which brings us to today’s bias, which remains bearish.
Currently, we are focused on the three liquidity lows as our primary targets. As always, we look to the highs within the range to provide optimal entries for these targets. At the moment, there is a high in the middle of the range, but we are prioritizing the higher, more favorable highs for potential short positions. If an entry aligns with our plan, this could lead to the final sell-off of the week before the New Year approaches.
Trade safe and stick to your plan.
