Gold remains bullish, driven by increasingly negative economic indicators. February brought a wave of weak economic data, a rise in layoffs, and a steep drop in consumer sentiment—now at its lowest level since February 2021. These developments point toward growing recession risks, which continue to support gold as a safe-haven asset.
In recent sessions, we observed a mix of profit-taking and rollover activity, with fresh positions being opened in the $3005–$3015 range. This zone now reflects strong speculative interest, suggesting that new capital is positioning for a further move upward.
Based on current market structure and positioning, gold looks set for a potential 1000 pip move, which could begin as early as today.
To summarize:
Price should hold above $2010 from here.
I’m already long from $2005.
Focus only on buy opportunities at this stage.
If you’re serious about learning how real analysis is done and how professionals track market behavior—stay tuned, and good luck! 🚀
#Gold #XAUUSD #Recession #BullishView #MarketInsight
In recent sessions, we observed a mix of profit-taking and rollover activity, with fresh positions being opened in the $3005–$3015 range. This zone now reflects strong speculative interest, suggesting that new capital is positioning for a further move upward.
Based on current market structure and positioning, gold looks set for a potential 1000 pip move, which could begin as early as today.
To summarize:
Price should hold above $2010 from here.
I’m already long from $2005.
Focus only on buy opportunities at this stage.
If you’re serious about learning how real analysis is done and how professionals track market behavior—stay tuned, and good luck! 🚀
#Gold #XAUUSD #Recession #BullishView #MarketInsight
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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.
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.