Jan16,2025 Gold trade
https://www.tradingview.com/chart/0rMKUP7J/
Trading Strategy:
Entry Points (Buy Zone):
Look for price pullbacks near
the support zones at 2688–2690 USD or 2681–2683 USD for buying opportunities.
Take Profit (TP):
Short-term target: 2715–2717 USD
Extended target: 2725–2727 USD
Stop Loss (SL):
Place your Stop Loss below 2680 USD to manage downside risk.
Trend Confirmation:
Ensure the price stays above the key support levels, particularly 2688 USD, before entering Buy positions.
Additional Notes:
Monitor the Core Retail Sales and Unemployment Claims data. If they come in worse than expected, gold may strengthen further.
Keep an eye on USD movements and Bond Yields, as they heavily influence gold prices.
Avoid trading during high volatility immediately after the news release; instead, wait for clearer market direction.
Stay disciplined and manage your risk effectively. Good luck with your trades! 🚀
Trading Strategy:
Entry Points (Buy Zone):
Look for price pullbacks near
the support zones at 2688–2690 USD or 2681–2683 USD for buying opportunities.
Take Profit (TP):
Short-term target: 2715–2717 USD
Extended target: 2725–2727 USD
Stop Loss (SL):
Place your Stop Loss below 2680 USD to manage downside risk.
Trend Confirmation:
Ensure the price stays above the key support levels, particularly 2688 USD, before entering Buy positions.
Additional Notes:
Monitor the Core Retail Sales and Unemployment Claims data. If they come in worse than expected, gold may strengthen further.
Keep an eye on USD movements and Bond Yields, as they heavily influence gold prices.
Avoid trading during high volatility immediately after the news release; instead, wait for clearer market direction.
Stay disciplined and manage your risk effectively. Good luck with your trades! 🚀
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