Gold Spot / U.S. Dollar
Long
Aktualisiert

XAUUSD

Given the recent bullish candlestick patterns and the strong support at 2636, there is potential for XAU/USD to test the 2655 resistance level. A successful break above 2694 could lead to further gains toward the 2737 -2775 zone.

However, monitoring market conditions closely is essential, as geopolitical events and economic data releases can influence gold prices.
Anmerkung
XAUUSD is reversing from 2697 as I said once the break above 2694 the potential targets are 2737-2775.
But I am waiting for the level to close above 2694. Once we get close above 2694 can head to the next targets..
Trade ist aktiv
btw 2nd target is achieved already which shows on the chart is at 2694 and making high of 2697
Anmerkung
On 8th January I shared the view that if XAUUSDis a successful break above 2694 then XAUUSD can lead towards targets of 2737 -2775.

on 15th January XAUUSD closed above 2694 on a daily time frame. Today, i.e. 16th January at 8.52 pm (GMT 5.30 +) XAUUSD made a high of 2719.
Trade geschlossen: Ziel wurde erreicht
XAUUSD / Gold level of target 3rd 2737 is reached yesterday i.e. 21st January and today's high made 2758.
Already said that once we break and close above 2694 XAUUSD will head over 2737 -2775 levels for the next targets.
The view is correct and the target is hit.

Haftungsausschluss