XAUUSD Intraday Analysis 28/01/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Current Momentum: Bearish.

• Previous Day's Performance: Bearish.

• Range: 2786–2730.

• Expectations: A bearish move targeting lower liquidity levels.

Trading Plan

Bearish Bias

• Strategy:
  Watch for price action rejections at the following resistance zones:

  • 2752 (H1 FVG)

  • 2760 (H1 FVG)

  • 2765 (H1 FVG)

  • 2772 (H1 Liquidity)

• Targets:

  • Primary target: 2737 (H1 OB).

  • Secondary target: 2730 (H1 Liquidity).

  • Extended target: 2725 (Weekly FVG).

Bullish Setup

• Strategy:
  Monitor price action at the following support levels for potential reversals:

  • 2730 (H1 Liquidity)

  • 2725 (Weekly FVG)

• Confirmation:
  Look for reversal patterns such as bullish engulfing candles or order block formations before entering long positions.

• Targets:

  • Recovery toward 2752 (H1 FVG).

  • Further extensions to 2772 (H1 Liquidity).