Morning Analysis:
Daily gold trading signals: Gold prices continued to rise this week, nearing the all-time high of $2,790, with a breakthrough seeming increasingly likely. Comments from US President Donald Trump could serve as a potential catalyst for further gains, especially as he hinted at holding off on imposing tariffs on Chinese goods. Currently, XAU/USD stands at $2,772, up 0.60%. Market sentiment turned slightly cautious despite Trump’s softened stance on trade policies with both allies and rivals. On the economic front, Friday’s US data showed an improvement in December’s manufacturing activity, according to S&P Global, while the University of Michigan’s final January survey revealed a decline in consumer sentiment.
| Trend | Bullish |
| Buy Zone | 2755 |
| Sell Zone | 2785 |
| Resistance | 2775 to 2785 |
| Support | 2745 to 2755 |
| Performance of Day’s Signal | Bullish |
| Insights for Tomorrow | Bullish |
– Key News Impact:
– Signal:
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