Gold’s Momentum: Will Trump’s Inauguration Drive XAUUSD to $2,75
🌍 Market Overview
The financial world is closely watching gold prices as Donald Trump prepares to take office on January 20, 2025. With gold trading above $2,700, the market anticipates fresh momentum to push prices even higher.
💡 Insight:
Gold has solidified its uptrend in recent weeks, becoming a safe-haven asset amidst uncertainty. Whether XAUUSD can hit $2,750 depends on market sentiment and USD developments.
📊 Key Points to Watch This Week
Trump’s Policies:
His first statements will set the tone for USD. A dovish approach or heightened uncertainty could support gold.
📊 Key Technical Levels
$2,723 - $2,725: The primary resistance zone that, if broken, could lead gold to test $2,748.
$2,748 - $2,750: Key zone to watch for a potential breakout continuation.
Support Levels:
$2,694 - $2,690: The immediate support zone within the Fibonacci retracement at the 50% level.
$2,679 - $2,682: A critical support zone, aligning with the Fibonacci 61.8% level, which acts as a bullish defense.
$2,662 - $2,657: The 0.786 retracement level, representing deeper correction possibilities
DXY (USD Index):
The dollar is hovering near key support levels. A downside break could fuel gold’s rally further.
Market Sentiment:
During political transitions, investors often turn to gold as a safe-haven asset. This could sustain gold’s short-term uptrend.
🚀 Trading Strategy Ideas
Key Drivers for Gold:
Geopolitical tensions: Trump’s trade or international policies could boost gold.
Fed rate expectations: USD might weaken if rate cut expectations rise.
Investor sentiment: A risk-off market environment will likely drive gold higher.
Scenario Planning:
Bullish Case: If prices break $2,723, the next target is $2,750.
Bearish Case: If DXY strengthens, gold may pull back to $2,680.
🤔 What’s Your Take?
Do you think gold will surpass $2,750 this week?
👉 Comment below and follow me for more in-depth insights from CMF – Core Market Flow!
The financial world is closely watching gold prices as Donald Trump prepares to take office on January 20, 2025. With gold trading above $2,700, the market anticipates fresh momentum to push prices even higher.
💡 Insight:
Gold has solidified its uptrend in recent weeks, becoming a safe-haven asset amidst uncertainty. Whether XAUUSD can hit $2,750 depends on market sentiment and USD developments.
📊 Key Points to Watch This Week
Trump’s Policies:
His first statements will set the tone for USD. A dovish approach or heightened uncertainty could support gold.
📊 Key Technical Levels
$2,723 - $2,725: The primary resistance zone that, if broken, could lead gold to test $2,748.
$2,748 - $2,750: Key zone to watch for a potential breakout continuation.
Support Levels:
$2,694 - $2,690: The immediate support zone within the Fibonacci retracement at the 50% level.
$2,679 - $2,682: A critical support zone, aligning with the Fibonacci 61.8% level, which acts as a bullish defense.
$2,662 - $2,657: The 0.786 retracement level, representing deeper correction possibilities
DXY (USD Index):
The dollar is hovering near key support levels. A downside break could fuel gold’s rally further.
Market Sentiment:
During political transitions, investors often turn to gold as a safe-haven asset. This could sustain gold’s short-term uptrend.
🚀 Trading Strategy Ideas
Key Drivers for Gold:
Geopolitical tensions: Trump’s trade or international policies could boost gold.
Fed rate expectations: USD might weaken if rate cut expectations rise.
Investor sentiment: A risk-off market environment will likely drive gold higher.
Scenario Planning:
Bullish Case: If prices break $2,723, the next target is $2,750.
Bearish Case: If DXY strengthens, gold may pull back to $2,680.
🤔 What’s Your Take?
Do you think gold will surpass $2,750 this week?
👉 Comment below and follow me for more in-depth insights from CMF – Core Market Flow!
Join my recommended broker, auto backcom 60% , link 👇HFM ✅ (Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
👇👇👇
t.me/KevinSimpleTradinghttps://www.hfm.com/int/en/?refid=30409768
Related publications
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.