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Gold 15.1.2025
General Trend:
Gold is moving within a clear upward channel, forming higher highs and higher lows, indicating strong bullish momentum. There is resistance at the 2721.76 level, while the 2655.58 level acts as a key support.
Expected Scenario:
Bullish Scenario: If the price breaks the resistance at 2721.76, it is expected to continue rising towards higher levels, possibly reaching 2770.
Bearish Scenario: If the price fails to break the resistance, it may pull back to test the support at 2655.58. Breaking this level could lead to further decline towards 2580.
Key Levels:
Resistances: 2721.76 - 2770
Supports: 2655.58 - 2580
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
