Gold XAUUSD Possible Move 31.01.2025

31 Jan

Gold (XAU/USD) Price Action Analysis – Potential Bullish Move

Market Structure & Key Levels:
Current Price: 2,794.63
Resistance Zone: 2,800 - 2,805 (Gray Box - Supply Zone)
Support Zone: 2,785 - 2,788 (Gray Box - Demand Zone)
Major Support (Green Zone): 2,780 - 2,783
Target Level: 2,815

Technical Outlook:
Consolidation Phase:
Price is currently trading within a range-bound structure, oscillating between the supply zone (2,800-2,805) and the demand zone (2,785-2,788).
The rejection from resistance suggests temporary selling pressure, but overall, the structure remains bullish.

Liquidity Grab & Potential Entry:
The price is expected to dip into the green support zone (2,780-2,783) before initiating a strong bullish move.
This area represents a high-probability buy zone, aligning with market liquidity and potential institutional orders.

Bullish Breakout Expectation:
Once price finds support in the green demand zone, a strong push toward 2,805+ is likely.
If price clears 2,805, the next major target should be 2,815 (highlighted in red).


Trade Setup & Signal:
Buy Entry: 2,782 - 2,785 (Upon bullish rejection in the green zone).
Stop-Loss: Below 2,774.
Take-Profit Levels:
First TP: 2,800 (Range Resistance).
Second TP: 2,805 (Breakout Level).
Final TP: 2,815 (Major Target).

Conclusion:
The market is consolidating within a tight range, showing bullish bias.
A dip into the green demand zone (2,780-2,783) is an ideal buying opportunity before price targets 2,805 - 2,815.
Confirmation of a bullish reversal at the key support zone is essential before entering long positions.

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31 Jan

Dagangan aktif

Gold as always following the trend, nice push upwards for 170+ pips

31 Jan

Dagangan ditutup: sasaran tercapai

The target reached nicely. 220+ pips in single trade.