XAUUSD Weekly Analysis 20/1/2025
Gold remains bullish, but we're approaching a significant resistance level at 2748. On the 4-hour chart, this level has already formed a triple top: November 25th, December 24th, and January 16th. These repeated rejections highlight the importance of this area as a decision point for price action.
For a continuation of the bullish trend, we need to see a strong 4-hour close above 2748. Why 4-hour? Because we've seen 30-minute closes above this level in the past, but the lack of follow-through led to bearish reversals. A confirmed 4-hour breakout would suggest the bulls are ready to push higher, targeting the next major level around 2787.55, offering approximately 200 pips of potential upside before re-evaluating the trade.
On the flip side, a rejection at this level could lead to a significant move lower, similar to what we saw in December. The first target in this scenario is around 2640 (a potential 750-pip drop). If selling pressure intensifies, we could see an extended move down to 2581, which would represent a 1,300-pip decline.
At those lower levels, we would look for buying opportunities, as they could provide a favourable setup for continuing the long-term bullish trend.
For now, all eyes are on 2748—watch closely for how price reacts here, as it will set the tone for the next big move!
For a continuation of the bullish trend, we need to see a strong 4-hour close above 2748. Why 4-hour? Because we've seen 30-minute closes above this level in the past, but the lack of follow-through led to bearish reversals. A confirmed 4-hour breakout would suggest the bulls are ready to push higher, targeting the next major level around 2787.55, offering approximately 200 pips of potential upside before re-evaluating the trade.
On the flip side, a rejection at this level could lead to a significant move lower, similar to what we saw in December. The first target in this scenario is around 2640 (a potential 750-pip drop). If selling pressure intensifies, we could see an extended move down to 2581, which would represent a 1,300-pip decline.
At those lower levels, we would look for buying opportunities, as they could provide a favourable setup for continuing the long-term bullish trend.
For now, all eyes are on 2748—watch closely for how price reacts here, as it will set the tone for the next big move!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.