XAUUSD MONDAY MARKET OPENING PROJECTION 26.01.24
he chart illustrates an analysis of Gold Spot (XAU/USD) on a 1-hour timeframe, with a detailed projection for Monday's market opening on January 26, 2025. Key elements of the chart include:
Price Levels:
Current Price: $2,770.885.
Target Price: $2,785.816.
Stop Loss: $2,755.726.
Support Level: Around $2,766.852, marked by a 38.2% Fibonacci retracement line.
Technical Indicators:
Stochastic Oscillator (5,3): Indicates oversold conditions, with values of 16.24 and 20.94.
Relative Strength Index (RSI): Shows a neutral reading of 52.22, suggesting no strong directional bias.
Projection:
The blue arrow anticipates a bullish movement from the current price toward the target price after a potential bounce near the $2,766.852 support zone.
A bearish scenario is mitigated with a stop loss at $2,755.726.
Context:
The analysis implies a buying opportunity around the support zone, aiming for a potential upward move.
This chart represents a calculated setup for traders, combining Fibonacci levels and momentum indicators to define a strategy for Monday's market session.
Price Levels:
Current Price: $2,770.885.
Target Price: $2,785.816.
Stop Loss: $2,755.726.
Support Level: Around $2,766.852, marked by a 38.2% Fibonacci retracement line.
Technical Indicators:
Stochastic Oscillator (5,3): Indicates oversold conditions, with values of 16.24 and 20.94.
Relative Strength Index (RSI): Shows a neutral reading of 52.22, suggesting no strong directional bias.
Projection:
The blue arrow anticipates a bullish movement from the current price toward the target price after a potential bounce near the $2,766.852 support zone.
A bearish scenario is mitigated with a stop loss at $2,755.726.
Context:
The analysis implies a buying opportunity around the support zone, aiming for a potential upward move.
This chart represents a calculated setup for traders, combining Fibonacci levels and momentum indicators to define a strategy for Monday's market session.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.