Gold Educational Analysis Update - 19/01/2025
Kindly refer to the attached educational analysis above for your review.
Gold 18hour timeframe
In our analysis from the previous week, we outlined two key areas where gold was expected to potentially experience a pullback before resuming its bullish momentum towards the 2715–2730 range. The first area of interest was between 2663 and 2680, while the second zone was identified between 2630 and 2642.
The price action unfolded with a drop to 2656, slightly below our initial designated range. However, from this point, gold reversed sharply and entered a bullish phase, rising to 2724.