Markets were now awaiting more cues on the U.S. economy to guide price movements in gold. U.S. inflation data for January, due next week, is expected to offer some direction.
CURRENTLY GOLD IS MOVING ON UP TREND.
Expecting correction up to 2030.30
Today’s important levels for trading are 2026.13, 2032.47, 2042.10 and 2048.44
Trading idea for today: Buy On Dip
Trade setup:
Looking pullback Buy around@2030.50 Deeper Buy around@ 2024.50
Safe swing sell below 2023.00
Safe swing buy above 2043.50
The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.