🆕 Weekly Market Analysis: XAU/USD (Gold)
Timeframes: 4H, 1H, 15M
Date: January 19, 2025
💎 Market Overview
The analysis focuses on Gold (XAU/USD) price action across multiple timeframes—4H, 1H, and 15M. The key elements include supply and demand zones, support and resistance levels, and potential price movements based on price action and liquidity grabs.
👉 4H Chart Analysis
Supply Zone: $2,724 - $2,730
Price recently entered this 4H supply zone, indicating a potential reversal or further consolidation.
Support & Resistance (S&R) Zone: $2,655 - $2,664
This is a crucial area where price has previously reacted.
Current Price: $2,703
Price has tested the supply zone and is showing signs of rejection.
🛫 Projection:
If the supply zone holds, we can expect a short-term retracement toward $2,690 - $2,700 (1H POI).
If the price sustains above $2,703, a continuation toward $2,740 swing high is possible.
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👉 1H Chart Analysis
Key Point of Interest (POI): $2,690 - $2,680
If price drops, this area is critical for potential reversal.
Liquidity Consideration:
A drop below $2,690 could indicate liquidity grabs before a bullish continuation.
🛫 Projection:
🐂 Bullish Scenario: Price rejects from $2,690 - $2,680 and pushes toward $2,724 - $2,730 (supply zone).
🐻 Bearish Scenario: A clean break below $2,680 could lead to a deeper retracement to $2,655 - $2,660.
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15M Chart Analysis
Lower Timeframe POIs: $2,697 & $2,690
Price action around these levels will determine the next short-term direction.
🛫Scenarios:
🐂 Bullish: If price finds support at $2,690, expect a rally back toward the 4H supply zone ($2,724 - $2,730).
🐻 Bearish: If the price breaks below $2,690, expect further downside targeting $2,660.
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Trading Plan & Considerations
Short-Term Trades:
↗️ Buy entries: Around $2,690 - $2,680, targeting $2,724.
📉 Sell entries: Near $2,724 - $2,730, targeting $2,690 - $2,680.
❗️Risk Management:
Use tight stop losses due to potential liquidity grabs.
Monitor price reaction at POIs before entering positions.
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Conclusion
Gold (XAU/USD) is currently testing a 4H supply zone around $2,724, suggesting a potential rejection and retracement toward $2,690 - $2,680 (1H POI). A breakout above $2,730 could lead to new highs, while a break below $2,680 may signal a deeper correction. Traders should watch price action closely at these key levels for confirmation.