Happy Monday, dear traders! If you are looking for XAUUSD (Gold) market trading signals, there is good news for you. Today, we bring you an XAUUSD trading signal. Let’s dive into the analysis without further delay.
Gold (XAUUSD) Technical Analysis/Trading Signal by Guriforex for Jan 13, 2025:
Gold (XAUUSD) continues to exhibit a strong bullish momentum as it operates within an ascending channel on the 4-hour timeframe. Currently, the price is trading around $2,678. There are noticeable indications that the market is retesting the lower boundary of this channel, which presents an important threshold to observe. Traders should pay close attention to this level, as it could offer potential entry points for new positions. Monitoring price action and other technical indicators at this stage will be essential to assess whether the bullish trend will continue or if a reversal might occur.
📈 What’s Happening with Gold?
The chart shows Gold maintaining its upward trajectory, with the price moving within the confines of an ascending channel. Recent price action indicates a minor pullback, which is expected to test the channel’s support zone around $2,665–$2,670.
This pullback offers a crucial opportunity for traders to monitor a potential bounce off the lower boundary. A strong rebound from this zone would reinforce the channel structure, setting the stage for further gains.
📊 Key Levels to Watch:
- Channel Support: $2,665–$2,670
- Immediate Resistance: $2,700
- Next Major Target: $2,725
Should Gold hold above the channel support, the first target lies at $2,700, followed by a possible move towards the $2,725 resistance level. A breakdown below the channel could signal a bearish shift, with downside support at $2,650.
💡 Trade Opportunity:
🔼 Trade Idea: Buy Gold (XAUUSD) on a confirmed bounce from $2,665–$2,670.
🎯 Target 1: $2,700
🎯 Target 2: $2,725
What’s Your Take on This Setup?
🚀 — Gold to $2,725 and beyond
🔥 — Watch for a breakdown
Let us know your thoughts in the comments. Remember, 2025 is shaping up to be an exciting year for traders—stay ready to seize the opportunities! 💰