Good morning everyone.

DAILY GOLD MARKET OVERVIEW CHART IN 1/2/2024

Gold didn't show any sign of bullish or bearish movement for long runs. It has been capped with a price between 1862.41 and 1878.47 since a few days ago (range between 160 pips).

Entry strategy: I am waiting for an entry signal between both areas to enter the market.

At 1862.41, I'll wait for the buying signal and the sell signal at 1878.47.

The possibility of making a new trend will result from the market breaking these two prices. But it might break through the market or just fake its movement. I'll be waiting for a re-entry signal in case the price has broken.

LONG TERM STRATEGY PLAN 

This price marking will become my important price to be watch for long term movement.

Resistance 1 - 1890.05
Resistance 2 - 1878.47
Support 1 - 1862.41
Support 2 - 1849.28
Support 3 - 1830.12