๐ GOLD ANALYSIS โ NEW ATH AFTER TRADE TARIFF SHOCK!
Former U.S. President Donald Trump has officially announced a comprehensive global tariff policy, targeting multiple countries and regions. This unexpected move triggered strong risk-off sentiment, resulting in:
๐ Massive asset sell-offs
๐ต A sharp decline in USD strength
๐ช And another all-time high (ATH) for GOLD
Gold broke out aggressively from a long-standing sideways triangle pattern, confirming strong bullish momentum. The counter-tariff reactions from other countries were far more aggressive than forecast, further fueling goldโs safe-haven appeal.
๐ Technical Perspective
Yesterday, we successfully identified and traded within the triangle pattern by connecting recent highs and lows. The breakout came exactly as expected, especially nearing the end of the consolidation range โ a classic price behavior traders should always watch for!
Now that the breakout has occurred, our focus shifts to BUYING on a retest of the breakout zone. Early entries during the Asian and European sessions are preferred, while weโll reassess during the U.S. session due to upcoming economic data.
๐ Note: With major events like Nonfarm Payrolls (NFP) coming soon, stay alert for volatility and unexpected moves.
๐ Key Resistance Levels:
3167 (ATH) - 3175 - 3185 - 3198 - 3206 (psychological/Fibonacci extensions โ wait for candle confirmation)
๐ Key Support Levels:
3140 - 3132 - 3120
๐ฏ Trade Setups
BUY ZONE: 3132 โ 3130
Stop Loss: 3126
Take Profits: 3136 โ 3140 โ 3144 โ 3148 โ 3152 โ 3156 โ 3160
SELL ZONE: 3185 โ 3187
Stop Loss: 3191
Take Profits: 3180 โ 3176 โ 3172 โ 3168 โ 3160
โ ๏ธ Final Notes:
The uptrend is clearly dominant โ no need to FOMO sell at current highs. Be patient, wait for the market to reach key resistance zones (psychological or Fibonacci-based), then reassess.
๐ Avoid overtrading or aggressive selling โ the tariff announcement is a global macro driver with deep market impact.
Weโll wait for Fridayโs NFP to reassess broader sentiment.
As always: Respect your TP/SL levels to protect your capital.
Stay safe & trade smart! ๐ผ๐
Former U.S. President Donald Trump has officially announced a comprehensive global tariff policy, targeting multiple countries and regions. This unexpected move triggered strong risk-off sentiment, resulting in:
๐ Massive asset sell-offs
๐ต A sharp decline in USD strength
๐ช And another all-time high (ATH) for GOLD
Gold broke out aggressively from a long-standing sideways triangle pattern, confirming strong bullish momentum. The counter-tariff reactions from other countries were far more aggressive than forecast, further fueling goldโs safe-haven appeal.
๐ Technical Perspective
Yesterday, we successfully identified and traded within the triangle pattern by connecting recent highs and lows. The breakout came exactly as expected, especially nearing the end of the consolidation range โ a classic price behavior traders should always watch for!
Now that the breakout has occurred, our focus shifts to BUYING on a retest of the breakout zone. Early entries during the Asian and European sessions are preferred, while weโll reassess during the U.S. session due to upcoming economic data.
๐ Note: With major events like Nonfarm Payrolls (NFP) coming soon, stay alert for volatility and unexpected moves.
๐ Key Resistance Levels:
3167 (ATH) - 3175 - 3185 - 3198 - 3206 (psychological/Fibonacci extensions โ wait for candle confirmation)
๐ Key Support Levels:
3140 - 3132 - 3120
๐ฏ Trade Setups
BUY ZONE: 3132 โ 3130
Stop Loss: 3126
Take Profits: 3136 โ 3140 โ 3144 โ 3148 โ 3152 โ 3156 โ 3160
SELL ZONE: 3185 โ 3187
Stop Loss: 3191
Take Profits: 3180 โ 3176 โ 3172 โ 3168 โ 3160
โ ๏ธ Final Notes:
The uptrend is clearly dominant โ no need to FOMO sell at current highs. Be patient, wait for the market to reach key resistance zones (psychological or Fibonacci-based), then reassess.
๐ Avoid overtrading or aggressive selling โ the tariff announcement is a global macro driver with deep market impact.
Weโll wait for Fridayโs NFP to reassess broader sentiment.
As always: Respect your TP/SL levels to protect your capital.
Stay safe & trade smart! ๐ผ๐
Trade active
๐ GOLD PLAN UPDATE โ After a Sharp Pullback From the HighsGold has just gone through a strong correction from the recent peak zone, showing signs of profit-taking after hitting major resistance.
This pullback offers a potential opportunity to rejoin the bullish structure at key support areas, while still respecting the volatility caused by recent macroeconomic tensions.
Letโs update our intraday zones below ๐
๐ป Key Support Levels:
3140 - 3132 - 3120 - 3112 - 3106 - 3100
๐ TRADE PLAN
๐ข BUY ZONE: 3112 - 3110
๐ Stop Loss: 3106
๐ฏ Take Profits: 3116 โ 3120 โ 3124 โ 3128 โ 3132 โ 3136 โ 3140
๐ด SELL ZONE: 3167 - 3169
๐ Stop Loss: 3173
๐ฏ Take Profits: 3162 โ 3158 โ 3154 โ 3150
๐ Reminder: Avoid chasing entries at extreme zones โ let price come to your key levels and look for reaction first.
Stay flexible and manage risk tightly as we head into more data this week. ๐ผ๐ก
โ๏ธ Trade with Money Market Flow, logic, Price action ๐๐
โ๏ธRisk Reward 1.3 to 2.5...
โ๏ธDaily 7 to 15 Signals Vip
โ๏ธRisk Reward 1.3 to 2.5...
โ๏ธDaily 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.
โ๏ธ Trade with Money Market Flow, logic, Price action ๐๐
โ๏ธRisk Reward 1.3 to 2.5...
โ๏ธDaily 7 to 15 Signals Vip
โ๏ธRisk Reward 1.3 to 2.5...
โ๏ธDaily 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.