GOLD strategy at the end of the week 17/01/25
已更新
The US market closed in the red, with spot gold prices rising to their highest level, following the trend we've been monitoring since the beginning of the year.
The decline in US Treasury yields caused the US stock market to end the session in the red, as major indices all dropped due to cautious investor sentiment ahead of upcoming economic policies from the new administration.
US government bond yields fell as investors expect the Fed may cut interest rates this year if economic data continues to weaken. The DXY index maintained a slight downward trend, closing at 108.97, pressured by the expectation that the Fed might reduce interest rates if the US economy weakens further. USD/JPY dropped to 155.2, its lowest level in nearly a month.
As we have previously analyzed, our view on gold’s upward trend has been accurate, but we should not become complacent with the successes of the past few days. As mentioned earlier, geopolitical issues in conflict areas are being addressed, and agreements have been made to prevent further escalation. This could be a significant signal that gold may no longer have the same appeal for investors, and the slight decline in the DXY (USD) is merely a part of adjustments for upcoming financial plans under the new President Trump. Therefore, it is important to closely follow the trend and manage positions wisely, avoiding stubbornness in such times.
Trading Strategy
Important Resistance Zones: 2724 - 2732 - 2755
Important Support Zones: 2710 - 2702 - 2660
BUY ZONE: 2702 - 2700
SL: 2695
TP: 2706 - 2710 - 2714 - 2720 - 2724 - ????
BUY ZONE: 2694 - 2692
SL: 2688
TP: ????
SELL ZONE: 2723 - 2725
SL: 2728
TP: 2720 - 2717 - 2715 - 2711
SELL ZONE: 2745 - 2747
SL: 2750
TP: 2742 - 2738 - 2735 - 2732
Today is Friday, and with volatility often increasing towards the end of the week, traders should be cautious with the US session. For Asia and Europe, just follow your view, but always adhere to TP/SL to protect your account balance. Have a great Friday!
The decline in US Treasury yields caused the US stock market to end the session in the red, as major indices all dropped due to cautious investor sentiment ahead of upcoming economic policies from the new administration.
US government bond yields fell as investors expect the Fed may cut interest rates this year if economic data continues to weaken. The DXY index maintained a slight downward trend, closing at 108.97, pressured by the expectation that the Fed might reduce interest rates if the US economy weakens further. USD/JPY dropped to 155.2, its lowest level in nearly a month.
As we have previously analyzed, our view on gold’s upward trend has been accurate, but we should not become complacent with the successes of the past few days. As mentioned earlier, geopolitical issues in conflict areas are being addressed, and agreements have been made to prevent further escalation. This could be a significant signal that gold may no longer have the same appeal for investors, and the slight decline in the DXY (USD) is merely a part of adjustments for upcoming financial plans under the new President Trump. Therefore, it is important to closely follow the trend and manage positions wisely, avoiding stubbornness in such times.
Trading Strategy
Important Resistance Zones: 2724 - 2732 - 2755
Important Support Zones: 2710 - 2702 - 2660
BUY ZONE: 2702 - 2700
SL: 2695
TP: 2706 - 2710 - 2714 - 2720 - 2724 - ????
BUY ZONE: 2694 - 2692
SL: 2688
TP: ????
SELL ZONE: 2723 - 2725
SL: 2728
TP: 2720 - 2717 - 2715 - 2711
SELL ZONE: 2745 - 2747
SL: 2750
TP: 2742 - 2738 - 2735 - 2732
Today is Friday, and with volatility often increasing towards the end of the week, traders should be cautious with the US session. For Asia and Europe, just follow your view, but always adhere to TP/SL to protect your account balance. Have a great Friday!
交易進行
We had identified the price range of 2700 - 2702, but the price came very close to this range, just 4 pips away, and then reacted up to 2714, reaching 120 pips. Overall, the analysis and views shared by everyone were correct, but today the market skipped our entry point.
On this Friday, a day with low volatility, it seems that the market has already moved through the news days earlier, and now investors are waiting to see what happens on January 20th, when Trump officially takes office. It's alright, take a break and recharge for next week!
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