Gold Buyers Await Fresh Momentum as the Market Consolidates

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Market Analysis – January 25th

Gold buyers await fresh momentum as the market consolidates. Gold traders have been experiencing a stagnant phase this week, as buyers seem to be stuck in their positions. The market has been in a consolidation phase, depriving traders of the opportunity to make significant gains.

Instead of a breakthrough, gold has been moving sideways, and the buyers have yet to regain confidence this year. The bears, on the other hand, have maintained a steady flow, particularly in the past few weeks.

Gold Market Zones

Resistance Zones: 2088.960, 2002.780
Support Zones: 1958.500, 1872.740

Gold (XAUUSD) Long-Term Trend: Bullish

Although XAUUSD  has been on a bullish trend since last year, with higher highs and higher lows. However, the current test ground is at a significant level of 2002.780. The sellers are eyeing a drop below this level, while it could also serve as a point of supply for the buyers. By building stronger strength, we may witness a surge in liquidity flow for XAUUSD.

However, the yellow metal has been relatively quiet in recent days, and market participants need to pay close attention and look out for any shift in price flow. This shift could favor either the buyers or the sellers.

Gold (XAUUSD) Short-Term Trend: Bullish

The Stochastic Oscillator, a momentum indicator, has yet to signal the exit of sellers from the market. This provides us with insight into the current accumulation phase. The buyers are struggling to regain their footing, and the 2002.780 key zone remains a crucial testing point for them. To gain a clearer understanding of who will eventually wield strength, it is essential to rely on accurate forex signals.

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