Gold Hits 3-Month High Amid Uncertainty 🌍 Market Update:
Gold surged to its highest level in nearly three months on Wednesday, January 22, trading just below its record high. The rally is driven by:
✨ Key Drivers:
💵 Weak USD: The USD Index hit a 3-week low, making gold more attractive for non-USD holders.
📉 Policy Uncertainty: Lack of clarity on Trump’s trade and economic policies supports gold as a safe-haven asset.
🔍 Trump’s Speech Insight:
During the inauguration, no clear economic or tariff policies were announced, hinting at strategic priorities. This fuels USD correction and strengthens gold. However, a pro-USD statement could trigger a sharp reversal, so stay cautious.
📈 Market Sentiment:
🟢 Bullish Trend: Gold remains strong but approaches critical resistance levels on D1 and H4.
❗ Caution: Avoid selling until reversal patterns or strong bearish signals emerge.
📊 Key Levels to Watch:
Resistance: 🟥 2764 - 2774 - 2788
Support: 🟩 2745 - 2725 - 2715 - 2705
🎯 Trading Plan for XAUUSD:
🟢 BUY SCALP:
Entry: 2746 - 2744
SL: 2740
TP: 2750 - 2754 - 2758 - 2762
🟢 BUY ZONE:
Entry: 2726 - 2724
SL: 2720
TP: 2730 - 2735 - 2740 - 2750
🔴 SELL SCALP:
Entry: 2774 - 2776
SL: 2780
TP: 2770 - 2767 - 2763 - 2760
🔴 SELL ZONE:
Entry: 2786 - 2788
SL: 2793
TP: 2782 - 2779 - 2775 - 2770
⚠️ Reminder:
📌 Trump’s critical speech today may affect monetary policies and gold prices.
📌 Always follow TP/SL rules to protect your account during high volatility.
👉 What’s your view on gold this week?
💬 Share your thoughts in the comments below!
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