#XAUUSD (GOLD) SELL (BEARISH)

٨ يناير

Hello Everyone here is My #XAUUSD (Gold) Analysis and idea

Please check AND share share your thoughts in comments
#Today on 8th January 2025
Currently, Gold is trading at $2550. It's important to note that #Gold has rejected the 2661 and 2666 levels twice this week, showing strong resistance in this range, We may see a retest of these levels but for now the focus should shift to the support levels

Key Resistance 2660 to 2666 #Gold has faced rejection twice at these levels this week, so keep an eye on these areas if there's a retest.

First Target (Support Levels) 2635 / 2630 Watch these levels closely as the first line of support. Price may hold here for a possible bounce.

#Demand Zone & Second #Target 2615 / 2608
This zone represents a stronger demand area where we could see a solid rebound if Gold pulls back further. Focus on support zones now and consider waiting for a retest of #Resistance before making any major decisions

Outlook:
Current Position: 2650
Trend #Bearish
Stop Loss 2675
Target & take profit 1) 2635 / 2630
Target & take profit 2) 2615 / 2608

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٩ يناير

تم فتح الصفقة

#XAUUSD (Gold) 8th January 2025 Analysis #Update & Today's Possible Moments

📊Market Recap : Yesterday #Gold moved almost exactly as anticipated! #Gold first hit 2645 our first target, and then proceeded to test the 2666 /2670 resistance zone as expected .
The market got rejected at these levels, and Gold reversed, hitting our next support target at 2649.

Result: From the support at 2645 to the rally at 2670 we got 250 pips in buy and then the drop back from 2670 to $2649, we captured 210 pips sell as incredible (460 Pips) Grand total

#Key Takeaways: The Resistance Zone (2666 /2670) held strong confirming the bearish outlook and providing excellent selling opportunities.
The support level at 2649 was respected perfectly, giving traders a solid entry point.
Our Stop Loss (2675) remained untouched, confirming the accuracy of the levels shared in the previous update.

#Today’s Market Outlook (9th January 2025):
#First Resistance Zone Yesterday’s High (2666 _ 2670)
If Gold breaks above this level, it may test the second resistance zone.

#Second Resistance Zone: (2678 – 2682)
If Gold breaks the first resistance it could test this zone before a possible drop.

#Support Breakdown: If Gold breaks (2649) the next move could be a further decline to (2640 – 2635)
A break below 2635 may lead to further selling pressure, targeting (2615 – 2610)

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