Hello Everyone here is my #Xauusd (Gold) Analysis 10th January 2025
Please Check and Share Your Thoughts in Comments 🙏🏻
#Gold is currently trading at 2676, consolidating within a range of 2670 to 2680.
Today’s big event is the Non-Farm Payrolls (NFP) report, which could drive significant market volatility.
My analysis maintains a sell-side bias, focusing on support targets if Gold remains below the #Pivot before the NFP release.
Pivot Point: 2683
NFP Impact and Sell Zone Focus: If Gold fails to break above the pivot point or stays below it before the NFP release, it is likely to move toward our
#First Support Zone at (2650 /2645)
Breaking below 2640 will signal a move toward:
Target 1) 2635 & Target 2) 2625
Further bearish momentum will indicate a test of the
Demand zone at 2619/2614.
Upside Risks: A breakout above the pivot point could lead to:
Resistance 1: 2685 / 2690
Stop Loss for Sell Trades: 2692
📊Key Levels
📊Current Position 2676
📊Pivot Point : 2683
📈Resistance : 2685 / 2690
📉First Support : 2650 / 2645
📉Targets below 2640
📉(2635_2625)
📉Demand Zone : 2619 / 2614
📊Out Look:
📈Bullish : above 2683 and 2685
📉Bearish : below 2683 & 2650