Hello Everyone here is My Today's #XAUUSD (GOLD) Market Analysis
Please Check it & Share Your Opinions in Comments Section, thanks 🙏
Today on Monday 13 January 2025 Gold is currently trading at 2671 with a key pivot point at 2675.
The Market’s next movement depends on its behavior around this critical level:
📉Bearish Scenario: If Gold reamain below the pivot point (2675) it is likely to test the first #Support levels at 2666 and 2660. Further downside momentum could push it into the #Demand_Zone at 2650 and 2644.
📈Bullish Scenario: As long as #Gold remains above the pivot point (2675) it is expected to maintain a bullish trend. The first resistance levels are at 2690 and 2696. Breaking above these levels could open the path to targets at 2706 , 2715 and 2726
For the long term, watch for potential resistance at 2740 and 2746.
📊Key Levels
📊Pivot Point: 2675
📉Support : 2666, 2660, 2650
📈Resistance: 2690, 2696, 2706
📈Targets : 2706, 2715 , 2726
📈Long Resistance: 2640 2646
📊Trend Outlook
📈Bullish trend above 2675/2685
📉Bearish while Below 2675/2670
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