Sentiment Misjudgment:
A significant number of market participants misread the price action, anticipating a technical pullback based on historical precedent. However, gold defied expectations, breaking to fresh all-time highs, indicating a departure from traditional market behavior.
Recent Price Performance:
Gold has rallied from $2970 to $3380, registering a $400+ gain, now approaching the critical psychological barrier at $3400, supported by strong momentum.
Macro Drivers:
The global economy is entering a stagflationary phase, with persistently low real interest rates increasing gold’s appeal as an inflation hedge.
Geopolitical tensions are escalating, heightening demand for safe-haven assets.
The U.S. Federal Reserve’s independence is under pressure amid political interference, reinforcing expectations for a policy pivot.
A shift away from the "cash is king" doctrine is emerging, with gold reasserting its role as a store of value in a global rebalancing of capital.
Technical Outlook:
Gold maintains a structurally bullish setup, with key intraday supports at $3365 and $3355. Sustained trading above this zone increases the probability of a breakout toward $3390–$3395, with further upside potential in the U.S. session.
Strategic Recommendations:
Avoid holding long-term short positions against the prevailing trend.
Treat any corrective pullbacks as opportunities for accumulation within a broader bullish cycle.
Use $3360 as the key pivot level, maintaining a buy-on-dip strategy as long as it holds.
Stay disciplined with risk management and be a "friend of the trend"—let time compound the value of correct positioning.
A significant number of market participants misread the price action, anticipating a technical pullback based on historical precedent. However, gold defied expectations, breaking to fresh all-time highs, indicating a departure from traditional market behavior.
Recent Price Performance:
Gold has rallied from $2970 to $3380, registering a $400+ gain, now approaching the critical psychological barrier at $3400, supported by strong momentum.
Macro Drivers:
The global economy is entering a stagflationary phase, with persistently low real interest rates increasing gold’s appeal as an inflation hedge.
Geopolitical tensions are escalating, heightening demand for safe-haven assets.
The U.S. Federal Reserve’s independence is under pressure amid political interference, reinforcing expectations for a policy pivot.
A shift away from the "cash is king" doctrine is emerging, with gold reasserting its role as a store of value in a global rebalancing of capital.
Technical Outlook:
Gold maintains a structurally bullish setup, with key intraday supports at $3365 and $3355. Sustained trading above this zone increases the probability of a breakout toward $3390–$3395, with further upside potential in the U.S. session.
Strategic Recommendations:
Avoid holding long-term short positions against the prevailing trend.
Treat any corrective pullbacks as opportunities for accumulation within a broader bullish cycle.
Use $3360 as the key pivot level, maintaining a buy-on-dip strategy as long as it holds.
Stay disciplined with risk management and be a "friend of the trend"—let time compound the value of correct positioning.
Trade active
Gold remains firmly within a bullish structure, exhibiting a pattern of steady upside momentum in the short term. All price pullbacks are increasingly being interpreted as opportunities to re-enter long positions, with market sentiment skewed decisively toward the bullish side.The previous key resistance near $3,380 has been cleanly breached, and the price is now consolidating above $3,390, signaling a valid technical breakout. If the bullish momentum continues, the next target resistance lies at $3,419.
Trading Strategy:
Traders are advised to monitor support near $3,369. Should the price retrace by approximately $15–$20, it may offer an optimal entry point for long positions. A tight stop-loss of $9 is recommended to ensure favorable risk-reward control.
The broader trend remains positive, and counter-trend strategies are discouraged at this stage. Stay aligned with the momentum, apply disciplined entries on dips, and watch for any external catalysts that may impact short-term volatility.
Market trading is not only as sharp as a falcon, but also as delicate as a painting!
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Market trading is not only as sharp as a falcon, but also as delicate as a painting!
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.