GOLD PLAN AFTER FOMC (THURSDAY/30-JAN-2025)

Gold (XAU/USD) Analysis - 1H Chart
1. Price Levels & Zones:
Resistance Zones (Red Highlighted Areas):

Minor Resistance: Around 2,764 - 2,766
Major Resistance: Around 2,784 - 2,786
Support Zones (Green Highlighted Areas):

Minor Support (Entry Buy Area): Around 2,750 - 2,752
Major Support: Around 2,730 - 2,732
2. Price Action & Market Structure:
The price is currently around 2,760, after a bullish move from the support zone.
There is a retracement expectation towards the minor support (Entry Buy zone).
A potential bullish continuation is forecasted after price reaches this support.
3. Trading Plan:
Bullish Scenario:

Wait for price to pull back to the entry buy zone (2,750 - 2,752) before entering long.
Target 1: 2,764 (Minor Resistance)
Target 2: 2,785 (Major Resistance)
Bearish Scenario:

If price breaks below 2,750, further downside towards 2,730 is possible.
4. Volume Analysis:
Volume has been increasing with bullish candles, indicating buyer interest.
Need to monitor if volume sustains as price approaches key resistance levels.
Conclusion:
Primary Bias: Bullish
Entry Zone: Around 2,750 - 2,752
Targets: 2,764 & 2,785
Invalidation: A strong break below 2,750 leading to 2,730 support.
TRADINGVIEW : Plan day 30 Jan , 2025

⭐️Personal comments by Pips & Profit:
Gold is mostly sideways below the old ATH 2789, the market is accumulating before wanting to reach a new ATH

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: $2784 - $2786 SL $2791
TP1: $2778
TP2: $2770
TP3: $2760


🔥BUY GOLD zone: $2746 - $2748 SL $2743 scalping
TP1: $2752
TP2: $2758
TP3: $2765

🔥BUY GOLD zone: $2731 - $2733 SL $2726
TP1: $2740
TP2: $2750
TP3: $2760

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