GOLD Forecast

An indicator supporting the rise in XAU/USD is a test of the support line on the RSI (Relative Strength Index). Additionally, a rebound from the lower boundary of the bullish channel further reinforces the growth outlook.

The scenario for Gold price growth remains valid unless the price falls below 2795, breaking through the support zone. If this level is breached, a downward movement could extend toward 2755, signaling a continuation of the decline.

A bullish breakout would be confirmed if the price surpasses 2905, indicating momentum for further growth. The projected target for this upward movement is above 2985, with the potential for continued growth in XAU/USD.

In the short term, a pullback to test support near 2830 may occur, followed by an expected resumption of the uptrend. Any drop below 2795 will invalidate the bullish outlook, pointing to further losses with a potential target below 2755.

Key Levels to Watch:

• Resistance Breakout: Above 2905
• Support Levels: 2830, 2795
• Target Price: 2985

This analysis highlights the importance of monitoring support and resistance zones to identify opportunities for growth in XAU/USD.

A potential rise in XAUUSD is supported by two key signals:

1. A test of the RSI support line.
2. A rebound from the lower edge of the bullish channel.

If prices break below 2815 on 6 Feb 2025, the growth scenario will be invalidated, suggesting further decline toward 2765. A breakout above 2905 and price closure at this level, however, may accelerate growth, with targets above 2965.

In the near term, a pullback to test the support zone near 2845 could occur before a continued upward trend. A breakdown of 2815, however, would confirm bearish momentum, aiming for a target below 2765.

A key signal for XAUUSD growth is testing RSI support and rebounding from the lower edge of the bullish channel. If the price breaks above $2865, growth may accelerate toward $2905.

Key Levels (5.2.2025):

• Support: $2825
• Resistance: $2865

If the price falls below $2795, this signals a break in the support zone, potentially driving a decline toward $2745. However, staying above $2825 keeps the bullish outlook intact.

Traders should watch for movements near $2865 for confirmation of upward momentum, as breaking this resistance may trigger further gains.

A critical technical signal for XAUUSD is emerging. While a test of the RSI support line and a rebound from the lower edge of the bullish channel hint at potential upward movement, failure of the gold price growth scenario on 04.02.2025 is expected to trigger a price decline. In such a case, a breakdown below the 2745 level would indicate that support is failing, likely driving prices further down toward levels under 2695.

Even though a breakout above 2825 might suggest a brief acceleration in growth, the overall picture remains bearish if support near 2775 cannot be maintained. Additionally, rising non-ferrous metal quotes targeting levels above 2905 add an interesting element, yet they do not offset the risk of a downward trend if key support levels collapse.

In summary, despite some isolated bullish cues, the prevailing forecast is a SELL. A confirmed breakout below 2745 would signal a continued decline, making the support area around 2775 crucial for traders to watch. If this level is breached, expect further drops with potential targets below 2695.

A strong signal supporting a rise in Gold prices this week comes from a rebound on the RSI trend line, signaling momentum. Additionally, a bounce from the lower edge of the bullish channel further confirms potential upward movement.

Key Levels to Watch:

• Support Area: 2595
• Resistance Area: 2845

If XAU/USD breaks 2595, it would invalidate the bullish outlook, suggesting continued price declines toward 2525. Conversely, breaking above 2845 and closing higher would confirm further growth, with a target surpassing 3125.

The forecast indicates a likely pullback to 2765 (support level) before resuming an upward trend. Testing the RSI trend line adds confidence in the bullish case. However, a fall below 2595 would shift the scenario toward a sustained decline in Gold prices.

XAUUSD is showing potential for growth, supported by several technical indicators. A key signal is the potential test of the support line on the Relative Strength Index (RSI). Furthermore, a rebound from the lower boundary of the existing bullish channel strengthens this outlook.

The bullish scenario will be invalidated if the price drops and breaks through the 2735 level. This would signal a break of the support zone, potentially leading to a further decline towards the 2685 level.

Conversely, a breakout of the resistance area and a price close above 2805 would likely accelerate the upward trend for XAUUSD. This could lead to a test of the support area around 2770, followed by continued growth with a target above 2865.

A drop below 2735 would negate the bullish forecast and suggest a continuation of the decline, potentially reaching below 2685. Traders should monitor these key levels for potential trading opportunities. This forecast is valid as of January 31, 2025.

A key signal for a decline in XAUUSD is a test of the RSI resistance line. Another signal is a bounce off the upper edge of the bullish channel.

Key Levels to Watch:

• Support Break: If XAUUSD falls below 2715, it would confirm a breakout of the lower bullish channel, signaling further decline.
• Resistance Test: A test of the 2790 resistance area might occur before a drop toward the 2655 target.
• Cancellation of Decline: A strong rise above 2845 would invalidate the bearish outlook, potentially driving prices beyond 2905.

Stay alert for movement near these critical price zones as they may shape the next trend.

A potential decline in XAU/USD is signaled by two key factors:

1. A test of the resistance line on the RSI indicator.
2. A rebound from the upper border of the bullish channel.

If XAU/USD rises above 2825 on 29 January 2025, this will invalidate the bearish scenario, indicating a breakout of the resistance zone and a likely climb toward 2865.

Conversely, a strong sell-off is expected if prices break below 2715, signaling a breach of the lower border of the bullish channel. This could lead to an accelerated decline, with a target near 2655.

Short-term movement suggests a possible attempt to test resistance at 2785 before continuing downward. A breakout above 2825, however, would negate the downtrend and indicate sustained growth in Gold prices, targeting levels above 2865.

In summary, the outlook remains bearish unless the 2825 level is surpassed. Traders should monitor key resistance and support zones closely.

An additional indication of rising Gold (XAUUSD) prices during the trading week from 27th to 31st January 2025 is a rebound from the RSI trend line. Another key factor supporting this growth is the price bouncing off the upper edge of the "Triangle" pattern.

However, if the price drops below the $2,495 level, the growth scenario will be invalidated. This would signal a breakdown of the support level and a likely continuation of the decline toward $2,415 or lower. Conversely, the growth outlook will be confirmed if the price breaks above the resistance level and closes above $2,805.

A short-term decline to test the $2,695 support level is possible before a rebound that targets prices above $3,085. The RSI trend line test further strengthens the case for an upward movement.

In summary:

• Key resistance: $2,805 (Breakout confirms growth).
• Key support: $2,495 (Breakdown signals further decline).
• Target for growth: $3,085.
• Target for decline: Below $2,415.

Monitor price behavior closely around these levels to confirm the next move.

📈 BUY Forecast:

A potential rise in XAUUSD is supported by a test of the RSI support line and a rebound from the lower boundary of the bullish channel. Growth momentum could increase if resistance at 2785 is broken, signaling a move towards 2825.

Key levels to watch:

Resistance: Above 2785 indicates further growth.

Support: Testing 2725 may lead to short-term corrections.

However, a break below 2705 would invalidate the growth scenario, suggesting a continued decline. If this happens, XAUUSD may drop further, with a target below 2655.

Outlook for 24 Jan 2025 suggests initial corrections before resuming upward momentum. Keep an eye on price movements near critical support and resistance areas.