Morning Analysis:
Daily gold trading signals: The US 10-year Treasury yield declines by 1.5 basis points to 4.537%, while real yields, measured by 10-year TIPS, remain steady at 2.095%. Meanwhile, the ISM Manufacturing PMI for January climbs to 50.9, exceeding expectations of 49.8 and improving from December’s 49.2, signaling stronger business activity. A deeper look into the data reveals rising input costs, with the prices paid sub-index increasing from 52.5 to 54.9. Additionally, the employment index jumps from 45.4 in December to 50.3, indicating improved labor conditions in the sector. Gold price is maintaining above $2800, long-term uptrend, fomo from the market creating ATH has not stopped.
| Trend | Bullish |
| Buy Zone | 2780 |
| Sell Zone | 2835 |
| Resistance | 2800 to 2815 to 2825 |
| Support | 2780 to 2790 to 2795 |
| Performance of Day’s Signal | Bullish (H1-H4) |
| Insights for Tomorrow | Bullish |
– Key News Impact:
– Signal:
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