🚀Published by MMFlowTrading on March 20, 2025
Overview 📊
Gold (XAU/USD) is in a strong uptrend on the H1 timeframe, with price action moving within a clear ascending channel 📈. The recent breakout above the $3000 psychological level signals robust bullish momentum 💪. However, key resistance levels are approaching, and upcoming economic events might influence the next move. Let’s dive into the technical and fundamental factors to craft today’s trading plan! 🧠
Technical Analysis 🔍
Ascending Channel:
Gold is trading within a well-defined ascending channel (highlighted in orange on the chart) 📉📈. The price has respected both the upper and lower boundaries, indicating a healthy uptrend. Currently, the price is near the upper channel resistance at $3070.612 🚧.
Key Resistance Levels (VPOC High):
The nearest resistance is at $3070.612, a high-volume node (VPOC) where sellers might step in 🛑.
If this level is broken, the next targets are $3081.053 and $3097.774, with a potential push toward the psychological $3100 mark 🎯.
Key Support Levels:
The closest support is at $3031.774, aligning with the lower channel boundary and a previous VPOC level 🛡.
A deeper pullback could test $3024.254 or even $3017.197, where buyers previously stepped in (marked by yellow circles on the chart) 📍.
Additional Key Levels:
Resistance: $3054 - $3061 - $3070 🚧
Support: $3044 - $3038 - $3031 - $3026 🛡
Fundamental Analysis 🌍
US Dollar Strength:
Gold has an inverse relationship with the USD 💱. On March 20, 2025, the market is awaiting the US Jobless Claims data and Fed speeches, which could impact the USD 📅. If the data indicates a weaker US economy, the USD might weaken, supporting Gold’s rally toward $3100 🚀.
Geopolitical Tensions:
Ongoing global uncertainties (e.g., Middle East tensions, US-China trade talks) continue to drive demand for safe-haven assets like Gold 🛡. This fundamental factor supports the bullish bias in the short term.
Interest Rates:
The Fed’s recent dovish stance on interest rates (as of early 2025) has reduced the opportunity cost of holding Gold, further fueling its uptrend 📉.
Trading Plan 📝
Buy Setup (BUY ZONE: $3032 - $3030) 🟢
Stop Loss (SL): $3026 ⛔️.
Take Profit (TP): $3038 - $3042 - $3046 - $3050 - $3060
Sell Setup (SELL ZONE: $3069 - $3071) 🔴
⛔️Stop Loss (SL): $3075
Take Profit (TP): $3065 - $3060 - $3055 - $3050
Market Note ⚠️
The market has been hitting all-time highs (ATH) after the FOMC storm early this morning 🌪. Traders, please stay cautious and strictly follow your TP/SL to keep your accounts safe! 🛡💡
Conclusion 🏁
Gold is at a critical juncture near $3070. A breakout above this level could pave the way to $3100, driven by strong technicals and supportive fundamentals 🚀. Alternatively, a rejection might lead to a pullback to the $3032 - $3030 buy zone. Stay disciplined and trade smart! 💪
What do you think about this setup? Drop your thoughts in the comments below! 👇 For more daily trading ideas, follow me on TradingView
Overview 📊
Gold (XAU/USD) is in a strong uptrend on the H1 timeframe, with price action moving within a clear ascending channel 📈. The recent breakout above the $3000 psychological level signals robust bullish momentum 💪. However, key resistance levels are approaching, and upcoming economic events might influence the next move. Let’s dive into the technical and fundamental factors to craft today’s trading plan! 🧠
Technical Analysis 🔍
Ascending Channel:
Gold is trading within a well-defined ascending channel (highlighted in orange on the chart) 📉📈. The price has respected both the upper and lower boundaries, indicating a healthy uptrend. Currently, the price is near the upper channel resistance at $3070.612 🚧.
Key Resistance Levels (VPOC High):
The nearest resistance is at $3070.612, a high-volume node (VPOC) where sellers might step in 🛑.
If this level is broken, the next targets are $3081.053 and $3097.774, with a potential push toward the psychological $3100 mark 🎯.
Key Support Levels:
The closest support is at $3031.774, aligning with the lower channel boundary and a previous VPOC level 🛡.
A deeper pullback could test $3024.254 or even $3017.197, where buyers previously stepped in (marked by yellow circles on the chart) 📍.
Additional Key Levels:
Resistance: $3054 - $3061 - $3070 🚧
Support: $3044 - $3038 - $3031 - $3026 🛡
Fundamental Analysis 🌍
US Dollar Strength:
Gold has an inverse relationship with the USD 💱. On March 20, 2025, the market is awaiting the US Jobless Claims data and Fed speeches, which could impact the USD 📅. If the data indicates a weaker US economy, the USD might weaken, supporting Gold’s rally toward $3100 🚀.
Geopolitical Tensions:
Ongoing global uncertainties (e.g., Middle East tensions, US-China trade talks) continue to drive demand for safe-haven assets like Gold 🛡. This fundamental factor supports the bullish bias in the short term.
Interest Rates:
The Fed’s recent dovish stance on interest rates (as of early 2025) has reduced the opportunity cost of holding Gold, further fueling its uptrend 📉.
Trading Plan 📝
Buy Setup (BUY ZONE: $3032 - $3030) 🟢
Stop Loss (SL): $3026 ⛔️.
Take Profit (TP): $3038 - $3042 - $3046 - $3050 - $3060
Sell Setup (SELL ZONE: $3069 - $3071) 🔴
⛔️Stop Loss (SL): $3075
Take Profit (TP): $3065 - $3060 - $3055 - $3050
Market Note ⚠️
The market has been hitting all-time highs (ATH) after the FOMC storm early this morning 🌪. Traders, please stay cautious and strictly follow your TP/SL to keep your accounts safe! 🛡💡
Conclusion 🏁
Gold is at a critical juncture near $3070. A breakout above this level could pave the way to $3100, driven by strong technicals and supportive fundamentals 🚀. Alternatively, a rejection might lead to a pullback to the $3032 - $3030 buy zone. Stay disciplined and trade smart! 💪
What do you think about this setup? Drop your thoughts in the comments below! 👇 For more daily trading ideas, follow me on TradingView
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
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.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
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.