Gold plan Jan15,2025
### Key Support Levels:
- **2675–2677 USD/oz**
- **2664–2667 USD/oz**
### Key Resistance Levels:
- **2688–2689 USD/oz**
- **2696–2698 USD/oz**
### Gold Trend Outlook:
Gold shows an **uptrend** today, favoring **Buy** positions.
### Trading Strategy:
1. **Entry Points (Buy Zone):**
- Wait for a pullback near the support zone at 2675–2677 USD.
- If the price holds above 2688 USD, consider entering a Buy position targeting the next resistance zone at 2696–2698 USD.
2. **Take Profit (TP):**
- Short-term: 2688–2689 USD
- Longer-term: 2696–2698 USD
3. **Stop Loss (SL):**
- Place a Stop Loss below the critical support level at 2664 USD to manage risk.
4. **Confirm the Trend:**
- Ensure the price stays above 2675–2677 USD before entering.
- Monitor the USD Index and Bond Yields. A weaker USD or lower Bond Yields will support the upward trend in gold prices.
### Additional Notes:
- Avoid trading during the **Core CPI announcement** if market volatility is high.
- Apply proper risk management, such as calculating position size in alignment with your trading plan.
Good luck with your trades today! 🚀
- **2675–2677 USD/oz**
- **2664–2667 USD/oz**
### Key Resistance Levels:
- **2688–2689 USD/oz**
- **2696–2698 USD/oz**
### Gold Trend Outlook:
Gold shows an **uptrend** today, favoring **Buy** positions.
### Trading Strategy:
1. **Entry Points (Buy Zone):**
- Wait for a pullback near the support zone at 2675–2677 USD.
- If the price holds above 2688 USD, consider entering a Buy position targeting the next resistance zone at 2696–2698 USD.
2. **Take Profit (TP):**
- Short-term: 2688–2689 USD
- Longer-term: 2696–2698 USD
3. **Stop Loss (SL):**
- Place a Stop Loss below the critical support level at 2664 USD to manage risk.
4. **Confirm the Trend:**
- Ensure the price stays above 2675–2677 USD before entering.
- Monitor the USD Index and Bond Yields. A weaker USD or lower Bond Yields will support the upward trend in gold prices.
### Additional Notes:
- Avoid trading during the **Core CPI announcement** if market volatility is high.
- Apply proper risk management, such as calculating position size in alignment with your trading plan.
Good luck with your trades today! 🚀
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