GOLD is close to the target level of 2,730 USD
In the Asian trading session, today's weekend January 17, 
XAUUSD Spot delivery maintains a strong trend, gold price is currently around 2,716 USD/ounce, close to the previous target increase at 2,730 USD/ounce.
XAUUSD rose to a more than one-month high on Thursday as the latest U.S. economic data weighed on U.S. Treasury yields and dovish comments from Federal Reserve officials.
The U.S. Department of Labor reported Thursday that initial jobless claims for the week ended Jan. 11 increased by 14,000 to a seasonally adjusted level of 217,000. Economists had expected 210,000 initial jobless claims last week.
Slightly weaker-than-expected US core CPI data led to a sharp fall in real yields, which should support further gains in gold prices on inflation fears and repricing of taper expectations interest rate.
Federal Reserve officials said data showed inflation in the US was continuing to slow, but they also noted growing uncertainty in the coming months as they wait for early policy signs. from the incoming administration of US President Donald Trump.
Potential tariffs from the Trump administration could exacerbate inflationary pressures.
The dollar fell, moving slightly from recent highs, as cooling US inflation data pulled bond yields down, continuing to support gold prices. And this is what we can most easily see about the alignment in these correlations in the market.
Meanwhile, geopolitically, the ceasefire and hostage agreement between Israel and Hamas has weakened demand for gold as a safe haven asset.
Last year, as tensions in the Middle East increased, gold hit several new highs on safe-haven demand and expectations that major central banks like the Federal Reserve would ease monetary policy further. again.
But this is not enough because geopolitical factors can have a sudden impact, but they are never sustainable long-term causes.
Analysis of technical prospects forXAUUSD
Gold has continued to break out, approaching the target level of 2,730 USD. Note to readers in the previous edition the price point of the 0.236% Fibonacci retracement level. Along with that, the uptrend is still dominating the daily chart, the uptrend price channel is highlighted by the green price channel, and the uptrend RSI maintains its above activity. The 50 level is still quite far from the overbought area, showing that there is still wide room for price increases ahead.
The main support is still at the POC Volume Profile level and the EMA21 line. As long as gold remains above the EMA21, it still has the potential to increase in price in the near future.
Currently, the 0.382% Fibonacci retracement level has also become the closest support currently.
During the day, the uptrend of gold prices will be noticed again by the following notable technical levels.
Support: 2,700 – 2,693USD
Resistance: 2,730USD
SELL XAUUSD PRICE 2736 - 2734⚡️
↠↠ Stoploss 2740
→Take Profit 1 2729
↨
→Take Profit 2 2724
BUY XAUUSD PRICE 2684 - 2686⚡️
↠↠ Stoploss 2680
→Take Profit 1 2691
↨
→Take Profit 2 2696
XAUUSD Spot delivery maintains a strong trend, gold price is currently around 2,716 USD/ounce, close to the previous target increase at 2,730 USD/ounce.XAUUSD rose to a more than one-month high on Thursday as the latest U.S. economic data weighed on U.S. Treasury yields and dovish comments from Federal Reserve officials.The U.S. Department of Labor reported Thursday that initial jobless claims for the week ended Jan. 11 increased by 14,000 to a seasonally adjusted level of 217,000. Economists had expected 210,000 initial jobless claims last week.
Slightly weaker-than-expected US core CPI data led to a sharp fall in real yields, which should support further gains in gold prices on inflation fears and repricing of taper expectations interest rate.
Federal Reserve officials said data showed inflation in the US was continuing to slow, but they also noted growing uncertainty in the coming months as they wait for early policy signs. from the incoming administration of US President Donald Trump.
Potential tariffs from the Trump administration could exacerbate inflationary pressures.
The dollar fell, moving slightly from recent highs, as cooling US inflation data pulled bond yields down, continuing to support gold prices. And this is what we can most easily see about the alignment in these correlations in the market.
Meanwhile, geopolitically, the ceasefire and hostage agreement between Israel and Hamas has weakened demand for gold as a safe haven asset.
Last year, as tensions in the Middle East increased, gold hit several new highs on safe-haven demand and expectations that major central banks like the Federal Reserve would ease monetary policy further. again.
But this is not enough because geopolitical factors can have a sudden impact, but they are never sustainable long-term causes.
Analysis of technical prospects for
XAUUSD Gold has continued to break out, approaching the target level of 2,730 USD. Note to readers in the previous edition the price point of the 0.236% Fibonacci retracement level. Along with that, the uptrend is still dominating the daily chart, the uptrend price channel is highlighted by the green price channel, and the uptrend RSI maintains its above activity. The 50 level is still quite far from the overbought area, showing that there is still wide room for price increases ahead.
The main support is still at the POC Volume Profile level and the EMA21 line. As long as gold remains above the EMA21, it still has the potential to increase in price in the near future.
Currently, the 0.382% Fibonacci retracement level has also become the closest support currently.
During the day, the uptrend of gold prices will be noticed again by the following notable technical levels.
Support: 2,700 – 2,693USD
Resistance: 2,730USD
SELL XAUUSD PRICE 2736 - 2734⚡️
↠↠ Stoploss 2740
→Take Profit 1 2729
↨
→Take Profit 2 2724
BUY XAUUSD PRICE 2684 - 2686⚡️
↠↠ Stoploss 2680
→Take Profit 1 2691
↨
→Take Profit 2 2696
Nota
The dollar weakened further as Retail Sales and Initial Jobless Claims in December signaled a slowdown in post-CPI deflation.
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🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
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