Gold's prosperity at the end of January 2024!! XAU

✍️ NOVA hello everyone, Let's comment on gold price next week from 22/1 - 26/1/2024

🔥 Identify:
The prosperity at the end of January 2024, political and military tensions in the US economy helped Gold prices recover slightly, but not for long.

Next week, important economic data such as PMI, GDP... can continue to help Gold prices recover further before falling to sideways accumulation.

🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:

Resistance: $2038, $2056
Support : $2002, $1976


🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

Commentaire:

Gold prices may continue to increase in Monday trading session. Sideways amplitude above $2000 zone