Daily Gold Trading Signals (XAU/USD) 24/01/2025

Morning Analysis: 

Daily gold trading signals: Gold price (XAU/USD) regains upward momentum after a brief pause, climbing to $2,777 during the Asian session on Friday, marking its highest level since October 31. Concerns over US President Donald Trump’s trade policies potentially sparking trade wars and increasing market volatility continue to fuel demand for the safe-haven metal. Additionally, expectations of further interest rate cuts by the Federal Reserve (Fed) weigh on the US Dollar (USD), pushing it closer to a monthly low and supporting the non-yielding yellow metal. Trump’s recent comments, expressing a preference to avoid imposing tariffs on China, have slightly boosted global risk sentiment but have not diminished the positive outlook for Gold. However, mildly overbought conditions on short-term charts may limit fresh bullish positions on XAU/USD in the near term. Even so, the metal is set for strong weekly gains and edges closer to its all-time high near $2,790, reached in October. Market optimism – expect new ATH coming to surpass 2788

TrendBullish
Buy Zone 2745 
Sell Zone 2785 
Resistance2775 to 2785
Support2755 to 2765
Performance of Day’s SignalBullish
Insights for TomorrowBullish

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– Signal:

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