Gold Trade Setup – 29th Jan

Gold has started the week with a decisive upside push, with momentum clearly back in control as the market reprices the USD and rates narrative following the latest central-bank messaging. With volatility elevated and price action increasingly reactive around US yields and headline flow, the best opportunities are likely to come from disciplined execution around key pullback zones rather than chasing breakouts at extended levels. Today’s focus is straightforward: monitor the relationship between DXY, US10Y/real yields, and risk sentiment, because that is the engine currently driving directional follow-through in Gold prices. Gold Trade Setup: Asset Bias & Entries Stop / Invalidation Targets Why A+ (Fundamentals, Technicals, Sentiment) Price Action Driver Near-term catalysts (UK time) Gold LONG –  Buy dips: 5,520 – 5,545 (preferred). Breakout add: acceptance > 5,565 5,485 (break back under breakout base / momentum failure) T1: 5,650  T2: 5,780 to 5,850 Fundamentals: gold supported by weaker USD and post-Fed positioning; also benefits from geopolitical uncertainty back in focus. Technicals: strong impulsive move ( tape shows +2.57% already) so the best A+ setup structure is “buy pullback after impulse,” not chasing. Sentiment: broad headlines explicitly note a sharp gold jump post-Fed; momentum participation is strong. USD (DXY) & real yields / US10Y direction. Thursday 29th Jan: 14:30: US Unemployment Claims & Unit Labor Costs. Fri 30th Jan: 13:30: US PPI (Dec) (inflation impulse). Chart by TradingView – Gold Trade Setup – 29th Jan Conclusion: For the remainder of today and into the end of the week, the highest-quality framework remains buying controlled pullbacks within an intact bullish structure, using clear invalidation below the most important support zone to protect against a sharp USD/yield reversal. If US yields soften and the dollar remains offered, gold has scope to extend toward higher targets as momentum traders and systematic flows continue to participate. However, if US data triggers a sudden repricing higher in yields or a broad USD short squeeze, gold can correct quickly. Our Gold trade setup looks to reward patience, precise entries, and strict respect for the stop/invalidation level. This analysis is for informational purposes only and does not constitute investment advice. Trading involves risk; manage exposure accordingly. For similar Gold Trade Setups please visit our Commodities Trade Ideas page. Please visit our Disclaimer page. Disclaimer Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. TerraBullMarkets.com does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets or any financial instrument involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of TerraBullMarkets.com nor any of its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. TerraBullMarkets.com and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. TerraBullMarkets.com and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.     TerraBullMarkets...