GOLD → bulls are aiming for ATH. The odds are high...

1月22日

XAUUSD is in a rally phase aiming for ATH. Based on geopolitical data, we have a pretty good chance. The focus is on 2750. From this point the northbound train can continue its journey.



Trump's policies are putting quite a bit of pressure on geopolitics due to creating trade problems for major nations like China, EU, Canada, BRICS countries. Chinese Vice Premier Ding Xuexian has warned of the negative effects of a trade war, which has further increased demand for safe havens like gold and the US dollar. Gold is also facing pressure because of the Fed, but the dollar correction is becoming another driver for the metal.
Technically, the price is trying to consolidate above a rather important level. 2749. If the bulls manage to keep the defense above 2750, the metal may continue its growth in the short and medium term

Resistance levels: 2759
Support levels: 2750, 2737, 2732

Emphasis on 2750. If the bulls keep this area under their control, the gold will go higher. But, I do not exclude a retest of 0.5 Fibo liquidity zone or 2732 before further growth.

Regards R. Linda!

1月22日

交易進行

Consolidation is formed above the level by several points.
Very high probability of shakeout formation or false breakdown of support. A strong impulse may follow. The scenario remains valid until the price breaks 2717.