{"id":6588,"date":"2024-01-24T12:00:39","date_gmt":"2024-01-24T04:00:39","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=6477"},"modified":"2024-02-05T02:30:06","modified_gmt":"2024-02-05T02:30:06","slug":"focus-on-xauusd-today-24th-january-2024","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/th\/focus-on-xauusd-today-24th-january-2024\/","title":{"rendered":"Focus on XAU\/USD today \u2013 24th January 2024"},"content":{"rendered":"\n<h1 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-393820b6258ab30c72827c57f951313d\"><strong>Comprehensive XAU\/USD Analysis for January 24, 2024<\/strong><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAU\/USD for 24th January 2024.\u00a0<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>XAU\/USD Key Takeaways\u00a0<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.cnbc.com\/2024\/01\/03\/the-fed-could-cut-interest-rates-in-2024-how-investors-can-prepare.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Expectations have faded\">Expectations have faded<\/a><\/strong>: Interest rate cut expectations are still ongoing: Former Fed official Bullard believes that if the Fed starts cutting interest rates too slowly, it may have to cut interest rates by 50 basis points at a time at future meetings.\u00a0<\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.jpmorgan.com\/insights\/global-research\/commodities\/gold-prices\" target=\"_blank\" rel=\"noopener nofollow\" title=\"The outlook for gold prices in 2024\">The outlook for gold prices in 2024<\/a><\/strong>: Benefiting from expectations of the Federal Reserve cutting interest rates in 2024 and geopolitical uncertainty, gold prices may remain high in the new year.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>XAU\/USD Technical Analysis<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color has-link-color wp-elements-09ada43ad89f6de8683aa59fbf536561\"><strong><mark class=\"has-inline-color has-black-color\"><em>XAU\/USD Daily Chart Insights<\/em><\/mark><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a696f838fc73&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6a696f838fc73\" class=\"aligncenter size-full wp-lightbox-container\"><img decoding=\"async\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2024\/01\/\u884c\u60c5\u5206\u6790-1-13.jpg\" alt=\"XAU\/USD Daily Chart Insights By Ultima Markets MT4\" class=\"wp-image-6478\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stochastic Oscillator<\/strong>: The indicator swings disorderly below the 50 midline, implying that the current market has no trend direction and a trading strategy related to the oscillation range needs to be implemented.&nbsp;<\/li>\n\n\n\n<li><strong>Moving average<\/strong>: After crossing below the blue 17-day moving average, the red 7-day moving average maintains a parallel trend with the black 65-day moving average. It implies that the current market has entered sideways consolidation, and it is worth traders paying attention to the buy low and sell high strategy in the small cycle.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color has-link-color wp-elements-438af9148b18023da38b00f02b0efee3\"><strong><em>XAU\/USD <mark class=\"has-inline-color has-black-color\">1-hour Chart Analysis<\/mark><\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a696f8391e11&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6a696f8391e11\" class=\"aligncenter size-full wp-lightbox-container\"><img decoding=\"async\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2024\/01\/\u884c\u60c5\u5206\u6790-2-13.jpg\" alt=\"XAU\/USD 1-hour Chart Analysis By Ultima Markets MT4\" class=\"wp-image-6479\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stochastic Oscillator<\/strong>: The indicator sends a bull signal below the 50 midline, and the price of gold also forms a trend upward trend, suggesting that short-term bulls have the upper hand in the current market.&nbsp;<\/li>\n\n\n\n<li><strong>Moving average combination<\/strong>: The red 7-period moving average, the blue 17-period moving average and the black 65-period moving average reopened and diverged after yesterday&#8217;s entanglement, while supporting the rise of gold prices. If the gold price continues to break through the previous day&#8217;s high of 2030.66 under the support of the moving average, you can pay attention to short-term long trading opportunities.&nbsp;<\/li>\n\n\n\n<li><strong>Convergence pattern<\/strong>: The price of gold currently forms a convergence pattern as shown in the figure. Since this pattern is a relay structure of the previous upward trend, it cannot be ruled out that the market may break through this range today.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color has-link-color wp-elements-700c9e003788450edcba53efa0bc877e\"><strong><mark class=\"has-inline-color has-black-color\">Trading Central Pivot Indicator<\/mark><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2024\/01\/\u884c\u60c5\u5206\u6790-3-13.jpg\" alt=\"Trading Central Pivot Indicator for XAU\/USD \" class=\"wp-image-6480\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li>According to the trading central in <a href=\"https:\/\/www.umtradings.com\/trading\/trading-platforms\/app\/\" target=\"_blank\" rel=\"noopener\" title=\"Ultima Markets APP\"><strong>Ultima Markets APP<\/strong><\/a>, the central price of the day is established at 2021.00,\u00a0<\/li>\n\n\n\n<li><strong>Bullish Scenario<\/strong>: Bullish sentiment prevails above 2021.00, first target 2035.00, second target 2039.00;&nbsp;<\/li>\n\n\n\n<li><strong>Bearish Outlook<\/strong>: In a bearish scenario below 2021.00, first target 2017.00, second target 2012.00.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion\u00a0<\/strong><\/h2>\n\n\n\n\n","protected":false},"excerpt":{"rendered":"<p>Comprehensive XAU\/USD Analysis for January 24, 2024 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAU\/USD for 24th January 2024.\u00a0 XAU\/USD Key Takeaways\u00a0 XAU\/USD Technical Analysis XAU\/USD Daily Chart Insights XAU\/USD 1-hour Chart Analysis Trading Central Pivot Indicator Conclusion\u00a0<\/p>\n","protected":false},"author":13,"featured_media":6753,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[6,61,11],"tags":[77,78],"class_list":["post-6588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-market_outlook","category-technical-analysis","tag-gold","tag-xauusd"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/posts\/6588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/comments?post=6588"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/posts\/6588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/media\/6753"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/media?parent=6588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/categories?post=6588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/tags?post=6588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}