Gold Analysis – 29.Jan.2025
Gold Analysis: By analyzing the 4-hour gold chart, we see that, as expected, the price continued its upward movement following yesterday’s analysis, hitting the $2752 and $2764 targets, delivering a 200-pip return. After reaching $2764, gold corrected from $2766 down to $2757, and it is currently trading around $2759. If the price stabilizes below this level, we could see further corrections. ⚠️ Important Note: Today, we have the FOMC meeting and the U.S. interest rate decision, which could lead to high market volatility. I strongly recommend avoiding trading during these critical hours!
(This Post on TradingView)
Author : Arman Shaban
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