Gold intraday 15/01/2025
On the daily timeframe, #XAUUSD continues to show bullish momentum, driven by the strength seen following Friday's NFP data.
The market has established a clear trend, with Monday's price action forming a lower high pullback that has since been broken. Yesterday, we saw price break and retest the 2668 level, further reinforcing the bullish bias for the time being.
As long as price remains above this level, the outlook remains optimistic for further upside movement. However, a break and close below 2668 could signal a shift in momentum, warranting a re-evaluation of the current bullish stance.
Traders should stay vigilant and watch for key price action confirmations to align with the broader trend.
The market has established a clear trend, with Monday's price action forming a lower high pullback that has since been broken. Yesterday, we saw price break and retest the 2668 level, further reinforcing the bullish bias for the time being.
As long as price remains above this level, the outlook remains optimistic for further upside movement. However, a break and close below 2668 could signal a shift in momentum, warranting a re-evaluation of the current bullish stance.
Traders should stay vigilant and watch for key price action confirmations to align with the broader trend.
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