Hello everyone, i have prepared this setup share your thoughts in comment section.
The chart i have prepared represents the price action of XAU/USD on a 2-hour timeframe. It illustrates the following technical and fundamental details
1. Trend Analysis:
Gold is trending upwards, as shown by the ascending channel highlighted in blue.
Resistance is marked at the upper boundary near $2,772-$2,776.
The entry point for a potential buy trade is marked at $2,750, with a target near the all-time high. But you can execute trade from a bit above like $2754-56.
2. Support and Stop-Loss Area:
The stop-loss (SL) area is highlighted between $2,730 and $2,727, indicating the price zone where risk management is planned.
Strong support zones are marked in yellow and orange, representing potential bounce areas in case of a retracement.
3. Breakout Scenario:
If gold breaks above the resistance zone, the white and blue arrows depict potential bullish momentum towards new highs. New high will cross 2800.
Geopolitical Context:
Gold is a safe-haven asset and is highly influenced by geopolitical tensions, inflation fears, and uncertainty. Recent global events may have driven the price higher:
Geopolitical Tensions: Increased conflict or economic instability (e.g., in Eastern Europe or the Middle East) could push investors toward gold as a secure store of value.
Inflation Concerns: Rising global inflation due to post-pandemic stimulus measures and supply chain disruptions is another factor supporting gold prices.
Central Bank Policies: Major central banks, such as the Federal Reserve, maintaining dovish policies or slowing interest rate hikes could also be bullish for gold.
Impact of Trump’s Presidency:
Donald Trump's presidency (2017–2021) significantly impacted gold prices due to the following:
Trade Wars: Ongoing U.S.-China trade tensions during his term created market volatility, driving investors to gold.
Geopolitical Risk: His administration’s foreign policies, such as conflicts with Iran and North Korea, heightened geopolitical risk, boosting gold demand.
Economic Policies: Tax cuts and increased fiscal stimulus initially strengthened the U.S. economy and the dollar. However, fears of debt accumulation and inflation later provided support for gold.
Pandemic Response: During the COVID-19 crisis in 2020, gold reached record highs ($2,075 per ounce) as Trump's administration rolled out massive stimulus packages, weakening the dollar.
This chart reflects the current bullish momentum in gold, potentially influenced by ongoing geopolitical risks, economic factors, and inflationary pressures.
Key levels;
buy zones 2750-54 and 2748
Target at 2776,2790,2800
SL at 2730
Kindly support me.
The chart i have prepared represents the price action of XAU/USD on a 2-hour timeframe. It illustrates the following technical and fundamental details
1. Trend Analysis:
Gold is trending upwards, as shown by the ascending channel highlighted in blue.
Resistance is marked at the upper boundary near $2,772-$2,776.
The entry point for a potential buy trade is marked at $2,750, with a target near the all-time high. But you can execute trade from a bit above like $2754-56.
2. Support and Stop-Loss Area:
The stop-loss (SL) area is highlighted between $2,730 and $2,727, indicating the price zone where risk management is planned.
Strong support zones are marked in yellow and orange, representing potential bounce areas in case of a retracement.
3. Breakout Scenario:
If gold breaks above the resistance zone, the white and blue arrows depict potential bullish momentum towards new highs. New high will cross 2800.
Geopolitical Context:
Gold is a safe-haven asset and is highly influenced by geopolitical tensions, inflation fears, and uncertainty. Recent global events may have driven the price higher:
Geopolitical Tensions: Increased conflict or economic instability (e.g., in Eastern Europe or the Middle East) could push investors toward gold as a secure store of value.
Inflation Concerns: Rising global inflation due to post-pandemic stimulus measures and supply chain disruptions is another factor supporting gold prices.
Central Bank Policies: Major central banks, such as the Federal Reserve, maintaining dovish policies or slowing interest rate hikes could also be bullish for gold.
Impact of Trump’s Presidency:
Donald Trump's presidency (2017–2021) significantly impacted gold prices due to the following:
Trade Wars: Ongoing U.S.-China trade tensions during his term created market volatility, driving investors to gold.
Geopolitical Risk: His administration’s foreign policies, such as conflicts with Iran and North Korea, heightened geopolitical risk, boosting gold demand.
Economic Policies: Tax cuts and increased fiscal stimulus initially strengthened the U.S. economy and the dollar. However, fears of debt accumulation and inflation later provided support for gold.
Pandemic Response: During the COVID-19 crisis in 2020, gold reached record highs ($2,075 per ounce) as Trump's administration rolled out massive stimulus packages, weakening the dollar.
This chart reflects the current bullish momentum in gold, potentially influenced by ongoing geopolitical risks, economic factors, and inflationary pressures.
Key levels;
buy zones 2750-54 and 2748
Target at 2776,2790,2800
SL at 2730
Kindly support me.
Trade active
active trades at buy zones Note
Market reached 2661 140 pips collectedNote
Gold reached to 2771 240 pips Note
1st Target reached at 2777 and 300 pips Note
Market reached at 2786, 390 pips and 50 pips remained to break the All Time HighNote
All Time High has broken and my 2nd Target has reached Trade closed: target reached
Gold reached 2798 our last target almost reached 2800, and it will soon cross it 
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t.me/+wiU4aBS6VKEzZWNk
Our Contact t.me/Jacks_998
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 Channel For More Info
t.me/+wiU4aBS6VKEzZWNk
Our Contact t.me/Jacks_998
t.me/+wiU4aBS6VKEzZWNk
Our Contact t.me/Jacks_998
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.