Gold trading strategy opens the new year trading session
Updated
The strong buying activity of central banks, geopolitical instability, and monetary policy easing have driven gold to break several record highs in 2024.
According to analysis and forecasts, the factors supporting gold in 2024 will continue into 2025, although they also highlight potential obstacles from Trump’s policies, which may increase inflation and slow down the Federal Reserve's interest rate cuts.
Concerns about politics peaked after Trump’s decisive victory… The central bank’s gold-buying trend is expected to continue at a similar pace in 2025, but the flow of capital into gold will likely be more discreet due to the threat of tariffs from Trump on countries that are actively de-dollarizing.
Gold surged quickly at the start of the Asian session at the beginning of the new year, likely due to large investors returning to the market after the long holiday, and the market has become more lively again. This comes especially after the US housing data report published on Tuesday, which showed a sharp decline compared to the previous period, possibly boosting optimistic sentiment about the Fed’s upcoming interest rate cuts. The market has improved compared to the gloomy period at the end of the year, due to profit-taking and the absence of large investors in the market.
If gold rises quickly at the start of the day, do not chase the buy position; instead, wait for a reasonable price to sell during a retracement, and then consider buying again later. Therefore, the suggested strategy for the start of the day would be to sell during the retracement with a target of 2,632. After that, look for a buy again at support levels around 26 - 22 or lower.
For the European session, the EURO PLAN suggests that if gold doesn’t reach the target by the start of the European session, then exit the sell position and consider buying earlier.
Trading Strategy:
SELL ZONE: 2648 - 2650
SL: 2255
TP: 2642 - 2638 - 2634 - 2630
BUY ZONE: 2600 - 2598
SL: 2594
TP: 2605 - 2610 - 2614 - 2620
These are key resistance and support levels that the author believes will see price reactions if reached. However, keep in mind the notes above in the article.
The market has opened strong this morning with a lot of buying activity, which suggests that the trend of the previous downtrend channel may be broken. Therefore, be cautious with sell positions and prioritize finding buy entry points as suggested by the author. Good luck!
According to analysis and forecasts, the factors supporting gold in 2024 will continue into 2025, although they also highlight potential obstacles from Trump’s policies, which may increase inflation and slow down the Federal Reserve's interest rate cuts.
Concerns about politics peaked after Trump’s decisive victory… The central bank’s gold-buying trend is expected to continue at a similar pace in 2025, but the flow of capital into gold will likely be more discreet due to the threat of tariffs from Trump on countries that are actively de-dollarizing.
Gold surged quickly at the start of the Asian session at the beginning of the new year, likely due to large investors returning to the market after the long holiday, and the market has become more lively again. This comes especially after the US housing data report published on Tuesday, which showed a sharp decline compared to the previous period, possibly boosting optimistic sentiment about the Fed’s upcoming interest rate cuts. The market has improved compared to the gloomy period at the end of the year, due to profit-taking and the absence of large investors in the market.
If gold rises quickly at the start of the day, do not chase the buy position; instead, wait for a reasonable price to sell during a retracement, and then consider buying again later. Therefore, the suggested strategy for the start of the day would be to sell during the retracement with a target of 2,632. After that, look for a buy again at support levels around 26 - 22 or lower.
For the European session, the EURO PLAN suggests that if gold doesn’t reach the target by the start of the European session, then exit the sell position and consider buying earlier.
Trading Strategy:
SELL ZONE: 2648 - 2650
SL: 2255
TP: 2642 - 2638 - 2634 - 2630
BUY ZONE: 2600 - 2598
SL: 2594
TP: 2605 - 2610 - 2614 - 2620
These are key resistance and support levels that the author believes will see price reactions if reached. However, keep in mind the notes above in the article.
The market has opened strong this morning with a lot of buying activity, which suggests that the trend of the previous downtrend channel may be broken. Therefore, be cautious with sell positions and prioritize finding buy entry points as suggested by the author. Good luck!
Trade active
50 pips profit from entry at resistance zone 48 - 50, today buying is the main thing so sell a little, don't sell again and wait for new price zones
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❗️ DISCLAIMER: The content shared in the training program is designed for educational and informational purposes only, so the program is not a financial advice or a solution.
❗️ DISCLAIMER: The content shared in the training program is designed for educational and informational purposes only, so the program is not a financial advice or a solution.
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