Escenario alcista: Compras intradía sobre 2160,00 con TP: 2171 y TP2: 2177 Escenario bajista: Ventas por debajo de 2177 con TP1:2150, TP2: 2142 y 2126
XAUUSD: Review of Recent Price Action
2024-01-30 • Actualizada
Gold prices, stable above $2,000 per ounce, commenced the week on an uptrend driven by a rallying US dollar and anticipation surrounding the upcoming Federal Reserve meeting. Analysts highlight that the market is keen on the Fed's signals for the coming months rather than immediate announcements. Gold touched $2,037 per ounce, holding near this level into Tuesday's session. Until the US jobs report, gold prices are likely to be influenced by the US dollar's performance and Treasury market movements. The US Dollar Index (DXY) reached 103.63, up 2.3% for the year. The strong dollar traditionally exerts downward pressure on dollar-denominated commodities.
XAUUSD - D1 Timeframe
The last time we looked at XAUUSD, I mentioned that we were to wait for a break and retest of the trendline before picking a side; that seems to be happening right now. As seen on the chart, price broke below the trendline, then reached back up to retest the supply zone. Following such a move, price usually tends to continue in the direction of the breakout, so let’s see if the lower timeframe agrees with this sentiment.
XAUUSD - H4 Timeframe
On the 4-hour timeframe of XAUUSD, price seems to have been rejected from the intersection of the two trendlines, as well as the supply zone. This means we have a total of 4 confluences if we include the bearish array of the moving averages. In line with the technical factors, my sentiment is bearish, until price presents a conflicting argument.
Analyst’s Expectations:
Direction: Bearish
Target: $1997.55
Invalidation: $2045
CONCLUSION
The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.
You can access more of such trade ideas and prompt market updates on the telegram channel.
Similar
Perspectiva fundamental y análisis técnico macro para el oro spot (XAUUSD) utilizando acción del precio y perfil de volumen.
Escenario Bajista: Ventas por debajo de 22.65 con TP1:22.34 (intradía) y TP2:22.02 (swing). Escenario Alcista: Compras sobre 22.70 con TP1: 22.90.
Últimas noticias
Escenario bajista: Ventas por debajo de 1.0820 / 1.0841... Escenario alcista: Compras sobre 1.0827...
Escenario bajista: Ventas por debajo de 2200 / 2194... Escenario alcista más próximo: Compras sobre 2197... Escenario alcista tras retroceso: Considera compras en torno a cada zona de demanda...
Escenario bajista: Ventas por debajo de 5220 ... Escenario alcista: Compras sobre 5225 (Si el precio falla en romper por debajo con decisión)