GOLD XAUUSD Trading Strategy TODAY 20-21 | XAUUSD Analysis TODAY 20-21 JAN | GOLD Forecast MONDAY

Summary

In this video, Ailash analyzes the gold and silver markets, offering insights into their current bullish trends driven by geopolitical instability and safe-haven demand. He discusses key support and resistance levels, with a focus on gold’s potential breakout above 4700 and silver’s potential move above 94.75. Ailash provides actionable strategies, including buying on pullbacks or breakouts, and cautions about potential gap filling. He also recommends Vantage Markets for safe and reliable forex trading, noting their strong regulation and safety features.

Takeaways

• 😀 Gold market had low volume and volatility due to the holiday, but is now showing upward movement.
• 😀 A gap filling is still a possibility for the gold market, but it is unlikely unless the market drops significantly.
• 😀 The best support for gold is around 460, with potential sell opportunities below 4645 if the market drops.
• 😀 Current gold trend is bullish, with potential for further upside, supported by geopolitical instability.
• 😀 If gold breaks the 4700 range, a buy position is advised, but be cautious of psychological resistance around 4691-4700.
• 😀 For a safer entry in gold, consider waiting for a pullback to 4700-4690 before buying.
• 😀 If you already have a buy position in gold, consider holding it or using a trailing stop-loss.
• 😀 Geopolitical tensions, including the US military presence in Greenland, are contributing to gold's bullish sentiment.
• 😀 Silver market shows similar behavior to gold, with a breakout attempt followed by a slight pullback.
• 😀 For silver, look for a buy position above 94.75, and consider buying on pullbacks if the trend remains bullish.
• 😀 If silver falls below 91.7, it may signal a sell opportunity, but the current trend is leaning towards the upside.

Q & A

What market condition was observed for gold yesterday and today?

Yesterday, the gold market was trading in a range with low volume and volatility due to a holiday. Today, the market remained flat in the morning but showed upward movement later, indicating a bullish tendency.

What is the significance of gap filling in gold trading, and how does it impact the market?

Gap filling refers to the market's tendency to eventually 'fill' any price gaps that occur, often within one or two days or after a longer period. The market generally does not like gaps, so if gold prices drop suddenly, it might be a result of the market filling a gap. This is a key consideration in predicting future price movements.

What is the best support level for gold if the market fills the gap?

The best support level for gold if the market fills the gap is around 460 to 4595. This area is expected to hold well if the market drops.

What is the recommended approach for buying gold above the 4700 level?

If the market breaks above the 4700 level, it could indicate a breakout, and it's recommended to buy above this level. However, it's important to be cautious because the range between 4691 and 4700 can act as psychological resistance.

What is the current sentiment for gold in the market?

The current sentiment for gold is bullish, supported by geopolitical instability. The U.S. and EU trade tensions and the increase in military presence in Greenland are contributing to a stronger demand for gold as a safe-haven asset.

What should traders do if they are already holding a buy position in gold?

Traders who are already holding a buy position should consider holding their position or using a trailing stop-loss. The market is currently bullish, so there is potential for further upside.

What factors are contributing to the bullish outlook for gold?

The bullish outlook for gold is primarily driven by geopolitical instability and trade tensions, particularly with the U.S. and EU. This uncertainty is causing a rise in demand for gold as a safe-haven investment.

How can traders approach buying silver, based on the current market situation?

Traders can consider buying silver if the price breaks above 94.75, indicating a bullish breakout. Alternatively, a safer entry could be at a pullback, where the price retraces to a support level.

What happened with silver's market trend yesterday compared to gold?

Unlike gold, silver showed a breakout yesterday but failed to maintain the upward momentum as the market opened today, resulting in a decline. This suggests that silver’s bullish trend is not as strong as gold’s at the moment.

What is the recommendation if silver price dips below 91.7?

If the silver price dips below 91.7, it may be a signal to sell, as the market might experience a correction. Traders should look for a sell position in this case.