SMART MONEY CONCEPT
📌 Gold Faces Selling Pressure Near Resistance
🔸 Gold (XAUUSD) is struggling to break above the $2,921 zone, a strong supply area.
🔸 The U.S. Dollar remains strong, driven by hawkish Fed expectations and rising bond yields, limiting gold’s upside.
🔸 With key U.S. jobs data (NFP) & Powell’s speech approaching, gold could see increased volatility.
🏦 Fed Policy & Rate Expectations
🔹 If the Fed maintains a higher-for-longer stance on rates, gold may face further downside.
🔹 However, dovish hints or weaker economic data could fuel a bullish rally.
🌎 Geopolitical Factors
🔸 Ongoing global uncertainties (Middle East tensions, economic slowdowns) continue to support gold as a safe-haven asset.
🔸 Any escalation in risks could drive buyers back into gold.
🔍 Technical Analysis (15M Timeframe)
🚀 Key Levels & Market Structure
🔹 Supply Zone: $2,921 - $2,922 (Strong rejection seen)
🔹 First Support: $2,879 (Possible liquidity grab)
🔹 Major Demand Zone: $2,845 - $2,850 (High probability buy zone)
🔄 Bearish Reversal Signals
📌 Change of Character (ChoCh) at the top signals potential trend shift.
📌 Break of structure (BoS) confirms bearish bias.
📌 Price is forming a lower high, indicating a possible downtrend.
📊 Trade Plan
📉 Bearish Bias Below $2,921
✅ Sell if price rejects resistance → Target: $2,879 & $2,845
❌ Invalidated if price breaks & holds above $2,922
📈 Bullish Alternative
🔹 If price holds $2,879, potential bounce back to highs.
🔥 Final Thoughts:
Gold is at a critical level! Will we see a bearish reversal, or will bulls regain control? Drop your predictions below! 📉👇
📌 Gold Faces Selling Pressure Near Resistance
🔸 Gold (XAUUSD) is struggling to break above the $2,921 zone, a strong supply area.
🔸 The U.S. Dollar remains strong, driven by hawkish Fed expectations and rising bond yields, limiting gold’s upside.
🔸 With key U.S. jobs data (NFP) & Powell’s speech approaching, gold could see increased volatility.
🏦 Fed Policy & Rate Expectations
🔹 If the Fed maintains a higher-for-longer stance on rates, gold may face further downside.
🔹 However, dovish hints or weaker economic data could fuel a bullish rally.
🌎 Geopolitical Factors
🔸 Ongoing global uncertainties (Middle East tensions, economic slowdowns) continue to support gold as a safe-haven asset.
🔸 Any escalation in risks could drive buyers back into gold.
🔍 Technical Analysis (15M Timeframe)
🚀 Key Levels & Market Structure
🔹 Supply Zone: $2,921 - $2,922 (Strong rejection seen)
🔹 First Support: $2,879 (Possible liquidity grab)
🔹 Major Demand Zone: $2,845 - $2,850 (High probability buy zone)
🔄 Bearish Reversal Signals
📌 Change of Character (ChoCh) at the top signals potential trend shift.
📌 Break of structure (BoS) confirms bearish bias.
📌 Price is forming a lower high, indicating a possible downtrend.
📊 Trade Plan
📉 Bearish Bias Below $2,921
✅ Sell if price rejects resistance → Target: $2,879 & $2,845
❌ Invalidated if price breaks & holds above $2,922
📈 Bullish Alternative
🔹 If price holds $2,879, potential bounce back to highs.
🔥 Final Thoughts:
Gold is at a critical level! Will we see a bearish reversal, or will bulls regain control? Drop your predictions below! 📉👇
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✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅ MORE FREE SIGNALS t.me/frankfx223
✅FOR VIP DM: t.me/frankfx22
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
✅ MORE FREE SIGNALS t.me/frankfx223
✅FOR VIP DM: t.me/frankfx22
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
Related publications
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.