XAUUSD - Daily Update 📈
With most analysts focusing on Gold’s bullish momentum, let’s step back and analyze where we are in the bigger picture and where we should secure profits before a potential correction.
Gold has been in a strong uptrend since the $2,000 zone, forming three major bullish legs as highlighted in the chart:
🔹 First leg correction: ~$150 drop
🔹 Second leg correction: ~$250 drop
🔹 Third correction may be deeper, so caution is needed in the target zone.
Key Levels to Watch:
📌 Potential Target Zone: $3,050 - $3,150
✔️ Measured Move: Previous legs suggest an extension into this zone.
✔️ Liquidity Grab: Gold tends to hunt liquidity over round numbers—just as it did at $2,000 → $2,060, it may break $3,050 before reversing.
✔️ Ascending Channel: The price is approaching the top of the channel, where market makers may trigger a fake breakout before a significant pullback.
🚨 Trading Strategy:
Swing traders: Secure profits near $3,050 - $3,150.
Daily traders: Use pullbacks as short-term profit opportunities.
💸 If you missed this rally, stay ahead for reversal signs & upcoming moves! Follow for more insights! 🚀
With most analysts focusing on Gold’s bullish momentum, let’s step back and analyze where we are in the bigger picture and where we should secure profits before a potential correction.
Gold has been in a strong uptrend since the $2,000 zone, forming three major bullish legs as highlighted in the chart:
🔹 First leg correction: ~$150 drop
🔹 Second leg correction: ~$250 drop
🔹 Third correction may be deeper, so caution is needed in the target zone.
Key Levels to Watch:
📌 Potential Target Zone: $3,050 - $3,150
✔️ Measured Move: Previous legs suggest an extension into this zone.
✔️ Liquidity Grab: Gold tends to hunt liquidity over round numbers—just as it did at $2,000 → $2,060, it may break $3,050 before reversing.
✔️ Ascending Channel: The price is approaching the top of the channel, where market makers may trigger a fake breakout before a significant pullback.
🚨 Trading Strategy:
Swing traders: Secure profits near $3,050 - $3,150.
Daily traders: Use pullbacks as short-term profit opportunities.
💸 If you missed this rally, stay ahead for reversal signs & upcoming moves! Follow for more insights! 🚀
Trade active
XAUUSD - Daily Update 💰Gold has officially reached our target zone between $3,050 - $3,150, as predicted in our analysis!
The third bullish leg from the $2,000 base has now completed its run to the top of the ascending channel — precisely within our forecasted resistance zone. If you've been riding this uptrend, now is the time to lock in profits on your long-term positions.
📌 What this means:
Longs should be secured or reduced to manage risk.
New buy positions must be approached cautiously from here.
The possibility of a fake breakout followed by a deeper correction is still high, as price often hunts liquidity before reversing.
We called this leg early—just scroll back to our XAUUSD analysis for proof.
📉 Be prepared for pullbacks or trend shifts.
💸 Stay sharp, stay safe, and follow us for the next big move! 🚀
🚀 Join Our Free Telegram Channels!
📈 Crypto – Bitcoin daily analysis & exclusive Altcoins opportunities!
t.me/Sober_Trading
💵 Gold & Forex – Expert insights & accurate signals!
t.me/Sober_Forex
🎯 Stay ahead with free updates!
📈 Crypto – Bitcoin daily analysis & exclusive Altcoins opportunities!
t.me/Sober_Trading
💵 Gold & Forex – Expert insights & accurate signals!
t.me/Sober_Forex
🎯 Stay ahead with free updates!
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.
🚀 Join Our Free Telegram Channels!
📈 Crypto – Bitcoin daily analysis & exclusive Altcoins opportunities!
t.me/Sober_Trading
💵 Gold & Forex – Expert insights & accurate signals!
t.me/Sober_Forex
🎯 Stay ahead with free updates!
📈 Crypto – Bitcoin daily analysis & exclusive Altcoins opportunities!
t.me/Sober_Trading
💵 Gold & Forex – Expert insights & accurate signals!
t.me/Sober_Forex
🎯 Stay ahead with free updates!
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.