empty
 
 
10.01.2025 05:02 PM
Trading Signals for GOLD (XAU/USD) for January 10-13, 2025: sell below $2,695 (21 SMA - 5/8 Murray)

This image is no longer relevant

Early in the American session, gold is trading around 2,682 with a bullish bias after having found a strong support around the 21 SMA located at 2,660.

Gold could face a strong resistance around 5/8 Murray located at 2,695 which could be seen as an opportunity to sell with targets at 2,660.

With a consolidation above 2,695 (5/8), the instrument could continue the bullish momentum and we expect gold to reach 2,734 where the 6/8 Murray is located which could represent a strong overbought area.

In the next few days, we could sell gold below 2,695 with the first targets at 2,660. The price could even fall to the 200 EMA located at 2,645.

On the H1 chart, gold is reaching overbought levels. So, we will look for opportunities to sell in the next few hours, with targets at 2,675 and 2,665.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback