empty
31.01.2025 03:17 PM
Trading Signals for GOLD (XAU/USD) for January 31, 2025: buy above $2,780 (21 SMA - 8/8 Murray)

This image is no longer relevant

Early in the American session, Gold (XAU/USD) is trading around 2,797 with a bullish bias above the 21 SMA and within the uptrend channel forming since January 13.

Gold is expected to reach the psychological level of $2,800 in the next few hours or it could even reach 8/8 Murray around 2,812. The instrument could even break through and reach the weekly resistance located at 2,823.

If a technical correction occurs, the gold price is expected to find good support around 2,780 which could be seen as an opportunity to resume buying with a target at 2,812.

In case gold falls below 2,780, the outlook could be negative and we could expect a technical correction towards the 21 SMA located at 2,769. Besides, the price could even reach the bottom of the uptrend channel around 2,761.

The trend remains bullish for gold. Since technically, we see strong buying opportunities, we believe that gold could reach the key level of 2,812 in the coming days.

The Eagle indicator is showing a positive signal, so we will look for buying opportunities in case there is a technical correction towards 2,780 or even towards 2,769.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
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

Recommended Stories

EUR/USD: March 5th – Trump's Policies Bring U.S. Economy Closer to Recession

The EUR/USD pair broke above the 1.0526–1.0535 resistance zone on Tuesday and continued its upward movement. Last night, the 127.2% Fibonacci level at 1.0622 was tested. As of now, there

Samir Klishi 12:28 2025-03-05 UTC+2

GBP/USD: March 5th – Bulls See No Reason to Stop

On the hourly chart, the GBP/USD pair easily broke above the 1.2709 level on Tuesday and continued its upward movement. On Wednesday morning, the pair is trading near the 1.2788–1.2801

Samir Klishi 12:26 2025-03-05 UTC+2

EUR/USD: The Euro Gains Support Amid Europe's Militarization

Reports that the European Union is set to invest in the creation of its own military, with Germany receiving substantial financial backing as the region's economic leader, have fueled

Pati Gani 12:19 2025-03-05 UTC+2

Forex forecast 05/03/2025: EUR/USD, USDX, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 11:27 2025-03-05 UTC+2

EUR/USD and GBP/USD March 5 – Technical Analysis

The start of the new week gives bullish traders a reason to remain optimistic and effective. They have not only exited the daily Ichimoku cloud, creating a breakout target

Evangelos Poulakis 07:11 2025-03-05 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Mixed Currency Pair , Wednesday, March 05, 2025.

AUD/JPY on its 4-hour chart appears to be strengthening, which is confirmed by the appearance of Divergence between its price movement and the Stochastic Oscillator indicator as well

Arief Makmur 05:52 2025-03-05 UTC+2

Technical Analysis of Intraday Price Movement of XPD/USD Commodity Instrument Pair, Wednesday, March 05, 2025.

On the 4-hour chart, the Palladium vs USD commodity instrument appears to be trying to break and close above the 944.00 level, which is confirmed by the appearance of Divergence

Arief Makmur 05:52 2025-03-05 UTC+2

Trading Signals for GOLD (XAU/USD) for March 4-6, 2025: sell below $2,908 (21 SMA - 61.8%)

Technically, gold reached overbought levels. However, we believe that the technical correction could continue in the next few hours, and gold could reach 2,890 (6/8 Murray) and even

Dimitrios Zappas 04:38 2025-03-05 UTC+2

EUR/USD Forecast for March 5, 2025

The U.S. has imposed tariffs on goods from Canada and Mexico. In response, Canada has introduced 25% tariffs on U.S. products, while Mexico is set to make an announcement

Laurie Bailey 03:13 2025-03-05 UTC+2

GBP/USD Forecast for March 5, 2025

Yesterday, the pound sterling rose by 83 pips, bringing it close to the target range of 1.2816 to 1.2847, which is now a likely reversal point. This is particularly notable

Laurie Bailey 03:13 2025-03-05 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.