XAUUSD Trade idea 23/01/2025
Gold analysis update: This week’s price action has played out as expected. We saw a key break of 2718 early on, which invalidated the triple top rejection and confirmed bullish momentum. Following that, price made a clean break and retest of the 2746 level, with yesterday’s daily candle closing bullish—though with less momentum compared to Tuesday’s 400-pip rally.
Today’s daily opened with an attempted retest of 2746, keeping the bullish bias intact above this key level.
For continuation, I’ll be watching for retest entries or a strong bullish close above the 2756 intraday level of interest. A break of 2756 could lead to a move toward the 2787 highs we saw in late 2024. #Gold #XAUUSD #Trading
Today’s daily opened with an attempted retest of 2746, keeping the bullish bias intact above this key level.
For continuation, I’ll be watching for retest entries or a strong bullish close above the 2756 intraday level of interest. A break of 2756 could lead to a move toward the 2787 highs we saw in late 2024. #Gold #XAUUSD #Trading
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