Gold Intraday/Swing idea WC 13/01/2025

Gold still bullish based on higher timeframes after breaking the 2655 KL with Fridays NFP.

We still have close to a 300 pip bullish move to 2715 before reassessing the trade - as we could create a triple top at this level and pullback before continuing higher. If this does happen we could have a deeper pullback to c2585 before creating a new higher high (which would fundamentally line up with Trump coming into office)

If we get a break and close below c2583 zone we would be seeing a shift in momentum with structure changing to bearish.

Today 13/01 intraday idea
- Currently no trade as we are in the middle of the 2655-2717 range so would need to tap 2717 and reassess or pullback to Fridays highs for a buy opportunity.