Jan 17 , Gold trade idea
[url=https://www.tradingview.com/chart/0rMKUP7J/]
Today is the last trading day of the week, and the market is watching closely to see if gold can break through the critical resistance at 2725–2728 USD/oz. A successful breakout above this level could open the path for further upside movement. Notably, there are no significant news events scheduled for today, leaving price action driven primarily by technical factors.
January 17, 2025
Today is the last trading day of the week, and the market is watching closely to see if gold can break through the critical resistance at 2725–2728 USD/oz. A successful breakout above this level could open the path for further upside movement. Notably, there are no significant news events scheduled for today, leaving price action driven primarily by technical factors.
Updated Levels
Key Support Levels:
2708–2710 USD/oz
2698–2700 USD/oz
Key Resistance Levels:
2726–2728 USD/oz
2744–2746 USD/oz
Trading Strategy
1. If 2726–2728 is breached (Bullish continuation):
Enter Buy positions after confirming a breakout above 2728 USD with strong momentum.
Target resistance at 2744–2746 USD/oz for profit-taking.
Place a Stop Loss below 2722 USD to manage risk.
2. If the price fails to break 2726–2728 (Range-bound or pullback):
Watch for a pullback to support at 2708–2710 USD/oz for a potential Buy opportunity.
Target resistance at 2726–2728 USD/oz.
Place a Stop Loss below 2705 USD.
3. Scalping or intraday range trading:
Trade within the range 2708–2728 USD/oz if the price remains sideways.
Buy near support (2708 USD) and Sell near resistance (2728 USD).
Today is the last trading day of the week, and the market is watching closely to see if gold can break through the critical resistance at 2725–2728 USD/oz. A successful breakout above this level could open the path for further upside movement. Notably, there are no significant news events scheduled for today, leaving price action driven primarily by technical factors.
January 17, 2025
Today is the last trading day of the week, and the market is watching closely to see if gold can break through the critical resistance at 2725–2728 USD/oz. A successful breakout above this level could open the path for further upside movement. Notably, there are no significant news events scheduled for today, leaving price action driven primarily by technical factors.
Updated Levels
Key Support Levels:
2708–2710 USD/oz
2698–2700 USD/oz
Key Resistance Levels:
2726–2728 USD/oz
2744–2746 USD/oz
Trading Strategy
1. If 2726–2728 is breached (Bullish continuation):
Enter Buy positions after confirming a breakout above 2728 USD with strong momentum.
Target resistance at 2744–2746 USD/oz for profit-taking.
Place a Stop Loss below 2722 USD to manage risk.
2. If the price fails to break 2726–2728 (Range-bound or pullback):
Watch for a pullback to support at 2708–2710 USD/oz for a potential Buy opportunity.
Target resistance at 2726–2728 USD/oz.
Place a Stop Loss below 2705 USD.
3. Scalping or intraday range trading:
Trade within the range 2708–2728 USD/oz if the price remains sideways.
Buy near support (2708 USD) and Sell near resistance (2728 USD).
כתב ויתור
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