Intraday Gold 29/01/2025
Yesterday, gold made a deeper pullback to the trendline near 2730 before reclaiming 2746 and holding above. Now, we’re hovering around the key 2761 level.
The bias remains bullish, but I’m noticing a potential head and shoulders pattern forming on the 4H, which could lead to a pullback to 2718—possibly aligning with FOMC volatility. Key buy zones to watch: 2718, 2746, and 2761.
First profit target remains 2788.
Keep an eye on price action and be prepared for potential swings around the news even
The bias remains bullish, but I’m noticing a potential head and shoulders pattern forming on the 4H, which could lead to a pullback to 2718—possibly aligning with FOMC volatility. Key buy zones to watch: 2718, 2746, and 2761.
First profit target remains 2788.
Keep an eye on price action and be prepared for potential swings around the news even
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