Lingrid | GOLD Market OUTLOOK: What to Expect in Q1 2025

5天前

Let's take a look at the annual chart of XAUUSD . Here, we can observe that the yearly candle has a small wick and has rebounded off the upward trendline. From a purely technical analysis perspective, the price has hit a significant global trendline, which may act as a strong resistance zone and lead to a potential price rebound. However, the market did not form a long tail as seen in previous instances. It's essential to note that drawing trendlines is subjective, and different traders may interpret the chart differently.


On the monthly timeframe, the price has formed an inside bar pattern. The market is still trading within the range established in December, which is, in turn, nested within the November range. All of this indicates that the price is currently in a sideways trend, and there is a possibility that January may close within the December range without any breakout.


Shifting to the daily timeframe, the market continues to consolidate within a triangle pattern. The price will eventually break out of this formation. I anticipate that we might see some selling pressure toward the 2500 level by the middle or end of Q1, as this would represent a correction towards one-third of the 2024 range. Additionally, over the past 15 years, the RSI indicator has touched the 80 mark only four times, leading to a price pullback or extended consolidation afterward.

All of the above suggests that the price may continue to move sideways. Therefore, I currently expect the price to oscillate within the large triangle pattern between 2600 and 2680 until the price action indicates otherwise. Additionally, in Q1 2025, we should pay close attention to geopolitical tensions and shifts in monetary policy by major central banks, as these factors are likely to influence market price.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

4天前

交易开始

The price perfectly fulfilled my last idea. It hit the target. The previous weekly candle was a doji, indicating indecision in the market. Currently, the price is moving toward the previous daily low, and the market has been respecting the upward trendline, suggesting a potential bounce off this level. However, if the price breaks through the trendline, we could see further downside, with the next target being the previous monthly low. Additionally, with high-impact news like the NFP on Friday, it's likely that the market will continue to move sideways until that data is released. My goal is resistance zone around 2660

3天前

交易结束：到达目标

The target level reached