Trading Signals for GOLD (XAU/USD) for January 2-5, 2025: buy above $2,640 (21 SMA - 4/8 Murray)
The Eagle indicator is showing overbought signals. So, we believe that once the instrument settles below 2,656, this will be seen as an opportunity to sell. In case gold turns back below the 200 EMA around 2,641, we could sell with targets at 2,617 and 2,590.
Dimitrios Zappas
ago