Daily Gold Trading Signals (XAU/USD) 23/01/2025

Morning Analysis: 

Daily gold trading signals: Gold price (XAU/USD) extends its upward momentum for the third consecutive day on Wednesday, reaching its highest level since November 1 near the $2,750 mark during the Asian session. This rally is driven by safe-haven demand amid uncertainty surrounding US President Donald Trump’s trade policies. Additionally, a recent drop in US Treasury bond yields, supported by expectations of two Federal Reserve (Fed) rate cuts this year, provides further support for the non-yielding yellow metal.

Trend	Bullish
Buy Zone	2745
Sell Zone	2775
Resistance	2765 to 2775
Support	2745 to 2755
Performance of Day’s Signal	Bullish
Insights for Tomorrow	Bullish

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– Signal:

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