Hello Everyone here is My #XAUUSD (Gold) Analysis for 15th January 2025
Please check and share your thoughts in the comments 🙏🏻
Gold is currently trading at 2685, continuing to follow the bullish momentum highlighted in my analysis on Monday 13th January 2025.
Today's major focus is the CPI report, which is expected to drive significant market volatility.
My analysis supports a #Buy side bias with key targets to the upside if Gold remains above the #Pivot Point
Key Levels and CPI Impact
📊Pivot Point: 2680
📈Buy Zone Focus: If Gold holds above the pivot point before the CPI release, it is likely to move toward:
📈Target 1: 2695
📈Target 2: 2705
📈Target 3: 2715
Further bullish momentum could lead to a test of the last resistance zone at:
📈Resistance : 2724 / 2730
📉Downside Risks: A break below the pivot point (2680) could push Gold lower toward:
📉Support : 2676 / 2770
❌Stop Loss for Buy Trades: 2665
📊Key Levels :
📊Current Position: 2685
📊Pivot Point: 2680
📈Resistance: 2724 / 2730
📉 Support: 2676 / 2670
📊 Outlook:
📈Bullish Above: 2680
📉Bearish Below: 2680