GOLD MARKET ANALYSIS AND COMMENTARY - [January 20 - January 24]
This week, 
XAUUSD fluctuated strongly, increasing from 2,656 USD/oz to 2,724 USD/oz, then decreasing and closing at 2,702 USD/oz. The main reason is due to the prediction that Donald Trump may implement his tariff commitments after his inauguration, increasing the risk of inflation in the context of the FED maintaining current interest rates. If this policy is implemented, the risk of a US-China trade war and global economic instability will increase, even leading to stagflation. These factors may continue to support gold prices to increase next week.
Mr. Trump can promote expansionary fiscal policy, increasing US public debt and the risk of global financial instability, thereby strengthening gold's role as a haven. However, next week's gold price may decrease if Mr. Trump delays or delays the imposition of tariffs, although this possibility is considered very low.
In the short term, gold prices may increase with the USD due to the impact of Mr. Trump's policies, instead of having a negative correlation as before. However, in the long term, if inflation increases sharply, forcing the FED to raise interest rates to curb inflation, this will put downward pressure on gold prices.
Next week, in addition to Mr. Trump's inauguration, the US will also release weekly unemployment claims and S&P Flash PMI data and existing home sales... However, these economic data may will not have much impact on the gold price trend next week.
📌In terms of technical analysis, if the gold price next week surpasses the threshold of 2,725 USD/oz, it can continue to conquer the strong resistance area at 2,790 USD/oz, and the gold price next week could even exceed 2,800 USD/oz. /oz if Mr. Trump's tariff commitment comes true after his inauguration. Meanwhile, the important support level for gold price next week is at 2,650 USD/oz. (Around the moving average EMA34, 89)
Notable technical levels are listed below.
Support: 2,700 – 2,693 – 2,676USD
Resistance: 2,730 – 2,750USD
SELL XAUUSD PRICE 2791 - 2789⚡️
↠↠ Stoploss 2795
BUY XAUUSD PRICE 2649 - 2651⚡️
↠↠ Stoploss 2645
XAUUSD fluctuated strongly, increasing from 2,656 USD/oz to 2,724 USD/oz, then decreasing and closing at 2,702 USD/oz. The main reason is due to the prediction that Donald Trump may implement his tariff commitments after his inauguration, increasing the risk of inflation in the context of the FED maintaining current interest rates. If this policy is implemented, the risk of a US-China trade war and global economic instability will increase, even leading to stagflation. These factors may continue to support gold prices to increase next week.Mr. Trump can promote expansionary fiscal policy, increasing US public debt and the risk of global financial instability, thereby strengthening gold's role as a haven. However, next week's gold price may decrease if Mr. Trump delays or delays the imposition of tariffs, although this possibility is considered very low.
In the short term, gold prices may increase with the USD due to the impact of Mr. Trump's policies, instead of having a negative correlation as before. However, in the long term, if inflation increases sharply, forcing the FED to raise interest rates to curb inflation, this will put downward pressure on gold prices.
Next week, in addition to Mr. Trump's inauguration, the US will also release weekly unemployment claims and S&P Flash PMI data and existing home sales... However, these economic data may will not have much impact on the gold price trend next week.
📌In terms of technical analysis, if the gold price next week surpasses the threshold of 2,725 USD/oz, it can continue to conquer the strong resistance area at 2,790 USD/oz, and the gold price next week could even exceed 2,800 USD/oz. /oz if Mr. Trump's tariff commitment comes true after his inauguration. Meanwhile, the important support level for gold price next week is at 2,650 USD/oz. (Around the moving average EMA34, 89)
Notable technical levels are listed below.
Support: 2,700 – 2,693 – 2,676USD
Resistance: 2,730 – 2,750USD
SELL XAUUSD PRICE 2791 - 2789⚡️
↠↠ Stoploss 2795
BUY XAUUSD PRICE 2649 - 2651⚡️
↠↠ Stoploss 2645
Nota
Spot gold fell below 2,690 USD/ounce, down 0.48% on the day.Nota
Nota
Gold price continues to increase to nearly 2,720 USD/ozNota
Spot gold reached 2,750 USD/ounce, up 0.19% on the day.Nota
Gold weakened to 2,751 USD/ozNota
The US Dollar Index DXY fell below 108, down 0.23% on the day.
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