XAU/USD Trading Plan for January 19-24, 2025
Current Price: 2708.255
Technical Analysis
| Date | Market Sentiment | Support Level | Resistance Level | Trading Strategy |
|---|---|---|---|---|
| January 19, 2025 | Neutral to Bullish | 2676.775 | 2739.725 | Buy on dips near support |
| January 20, 2025 | Bullish | 2676.775 | 2763.275 | Buy with target near resistance |
| January 21, 2025 | Bullish | 2676.775 | 2802.675 | Hold long positions |
| January 22, 2025 | Bullish | 2676.775 | 2802.675 | Consider profit-taking near resistance |
| January 23, 2025 | Neutral | 2676.775 | 2739.725 | Watch for reversal patterns |
| January 24, 2025 | Bearish | 2637.375 | 2726.205 | Consider short positions if resistance holds |
Key Insights
- Seasonality for this period shows a bullish trend【4:17†source】.
- The short-term technical indicators are leaning towards bullish sentiment【4:0†source】.
- Astrological influences suggest volatility, particularly around January 22, 2025【4:0†source】.
- Current support and resistance levels are critical for planning entry and exit points【4:17†source】.
Conclusion
Monitor economic news and market conditions closely. Adjust strategies based on market sentiment and technical signals as the week progresses. Maintain risk management practices at all times.
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