XAUUSD MONDAY MARKET OPENING PROJECTION 26.01.24

he chart illustrates an analysis of Gold Spot (XAU/USD) on a 1-hour timeframe, with a detailed projection for Monday's market opening on January 26, 2025. Key elements of the chart include:

Price Levels:

Current Price: $2,770.885.
Target Price: $2,785.816.
Stop Loss: $2,755.726.
Support Level: Around $2,766.852, marked by a 38.2% Fibonacci retracement line.
Technical Indicators:

Stochastic Oscillator (5,3): Indicates oversold conditions, with values of 16.24 and 20.94.
Relative Strength Index (RSI): Shows a neutral reading of 52.22, suggesting no strong directional bias.
Projection:

The blue arrow anticipates a bullish movement from the current price toward the target price after a potential bounce near the $2,766.852 support zone.
A bearish scenario is mitigated with a stop loss at $2,755.726.
Context:

The analysis implies a buying opportunity around the support zone, aiming for a potential upward move.
This chart represents a calculated setup for traders, combining Fibonacci levels and momentum indicators to define a strategy for Monday's market session.