XAUUSD Weekly Mid-Week Insights: 14th Jan 2025 (Week 03)

Quick Takeaways

• Bullish Momentum Advances: XAUUSD has broken through the 2689 POI, with price currently holding slightly above this level.
  
• Target 2726 in Sight: Price is advancing toward 2726, a key resistance and liquidity zone. Traders should monitor closely for either continuation or reversal signals.
  
• Inside Bar Setup: The Short-Term HL at 2656 remains a pivotal support level for tracking bullish momentum.
  

Market Context 🌐

• November Manipulation: Price broke below the October low, triggering a significant bullish reversal structure.
  
• December Rejection: Price rejected the consolidation low at 2605, initiating bullish expansion.
  
• January Progression: This week, XAUUSD continues its bullish trajectory, trading above the 2689 POI after a clean breakout.
  

XAUUSD remains in the premium zone over the last 20, 40, and 60 days, reflecting sustained bullish strength as price targets higher resistance levels.

Key Technical Levels & Price Action 🕵️‍♂️
Current Structure:

• Short-Term HL: Inside Bar confirmed at 2656, marking a key support area.
  
• 2726 Resistance: Price is approaching this key level, which aligns with the range highs and liquidity targets.
  

Scenarios at 2726:

• Continuation: A breakout above 2726 would confirm further bullish momentum.
  
• Reversal: Rejection or consolidation at 2726 could signal a return to the internal range.
  

Action Plan for Traders 🚀

Watch Key Levels:

• Focus on price action near 2726, assessing continuation vs. reversal dynamics.
  
• Use the Inside Bar low (2656) as a reference for risk management if pullbacks occur.
  

Intraday Opportunities:

• Focus on lower timeframe confirmations (15-minute and 4H) for precision entries.
  
• React to price behavior near 2726 to align with the dominant momentum.
  

Stay Flexible:

Be prepared for either a bullish breakout or a pullback into the range from 2726, adjusting trade setups accordingly.

Conclusion

XAUUSD continues its bullish journey, breaking above 2689 and approaching the significant 2726 target. Traders should stay nimble, focusing on price action and reactions near this key resistance zone.

Let’s finish Week 03 strong with clarity, focus, and discipline.

#XAUUSD #Gold #TechnicalAnalysis #PriceAction