09/01/2025
GOLD (XAU/USD) Market Update and Trading Plan
Market Review
❇️Yesterday's high-impact news event led to a volatile trading session, with Gold prices fluctuating between 2646 and 2669.
❇️Current Market Situation
Gold is currently trading between 2655-60, poised for a potential breakout.
❇️Resistance Levels
❇️Strongest Resistance: 2666
Break above 2666: Expected to propel Gold higher to:
🔹2673-83
🔹Final target: 2700
⏹Support Levels
Strongest Support: 2645
Break below 2645: May lead to a decline, targeting:
⏯2638-36
⏯2630
🎯🎯Market Sentiment
The H4 chart indicates a bullish market sentiment, suggesting upward momentum.
♻️♻️Trading Strategy
💠💠Long positions: Consider buying above 2666, targeting 2673-83 and 2700.
❌❌Short positions: Consider selling below 2645, targeting 2638-36 and 2630.
