Gold returns to breakout zone 2635, strong support
XAU / USD trend forecast January 6, 2025
Gold prices (XAU/USD) remain under pressure near $2,640 in early Monday trading, weighed down by the strengthened US Dollar (USD) following robust US ISM Manufacturing PMI data. Investors now turn their attention to the US labor market report for December, due Friday, for fresh directional cues.
The Institute for Supply Management (ISM) reported on Friday that US Manufacturing PMI improved to 49.3 in December, surpassing both the previous reading of 48.4 and market expectations. This stronger-than-anticipated data supported the Greenback, putting additional downward pressure on the USD-denominated Gold price.
Gold price adjusted back to breakout zone 2635, waiting for reaction, gold price at the beginning of the week liquidity will not be much
/// BUY XAU : zone 2636-2633
SL: 2628
TP: 50 - 150 - 300pips (2663)
Safe and profitable trading
Gold prices (XAU/USD) remain under pressure near $2,640 in early Monday trading, weighed down by the strengthened US Dollar (USD) following robust US ISM Manufacturing PMI data. Investors now turn their attention to the US labor market report for December, due Friday, for fresh directional cues.
The Institute for Supply Management (ISM) reported on Friday that US Manufacturing PMI improved to 49.3 in December, surpassing both the previous reading of 48.4 and market expectations. This stronger-than-anticipated data supported the Greenback, putting additional downward pressure on the USD-denominated Gold price.
Gold price adjusted back to breakout zone 2635, waiting for reaction, gold price at the beginning of the week liquidity will not be much
/// BUY XAU : zone 2636-2633
SL: 2628
TP: 50 - 150 - 300pips (2663)
Safe and profitable trading
Transaction en cours
Exactly Uptrend - however, gold price swept liquidity around 2625 then increased sharply to 2648Trade fermée: cible de profit atteinte
Gold price moves quickly and within the range of 2615-2650. Large trading volume
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.