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22.01.2025
XAUUSD surged more than 1%
On Tuesday, XAUUSD rose more than 1% during the session and rushed above the $2,740 mark, hitting a new high since November 6 last year. It ended up 1.38% at $2,744.77/ounce.
The US dollar index fell under pressure
On Tuesday, as the market struggled with the uncertainty of Trump's tariff policy, the US dollar index rose first and then fell. It once rose to an intraday high of 108.78 during the session, and then gave up all the gains and turned down, and finally closed down 0.1% at 107.97.
Global gold ETFs have their first annual positive inflows in four years
Global gold ETFs have their first annual positive inflows in four years
The global gold ETF market achieved its first annual positive inflow in four years in 2024, with total holdings reaching 3,219 tons, pushing the total asset management scale (AUM) to US$274 billion, a record high.
Technically speaking, the bullish market trend prevailed in the short term
the Chart of the Day
On the chart of the day, XAUUSD closed higher yesterday. The bullish market trend prevailed in the short term. In terms of technical indicators, MACD went upwards after the golden cross, showing that XAUUSD will rise further. Investors should focus on whether XAUUSD will break through the resistance at 2762. The upper resistance will be around 2790 if it breaks above the resistance at 2762.
4-hour chart
On the 4-hour chart, XAUUSD was prone to fluctuation and climbed. The bullish market trend prevailed. In terms of technical indicators, KDJ went upwards after the golden cross, showing that the market trend is bullish. Investors should focus on whether XAUUSD will break through the support at 2733. It will rise further if it retreats but is stable at 2733.
Key resistance:2762,2790
Key support:2733,2716
Generally speaking, XAUUSD is more likely to rise further in the short term. Investors should focus on the trading opportunities of going long on pullbacks during the day.
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