GOLD H1 Market Update: Bear Trap / liquidity sweep BUY DIPS

📊 Technical Outlook update

🔸Bullish OUTLOOK
🔸3050 USD Resistance Heavy
🔸3000/3040 Trading Range
🔸2990 potential Bear Trap
🔸Price Target BULLS: 3100 USD - 3150 USD
🔸Recommended Strategy: BUY DIPS 2990

📊Gold Market Summary – This Week

💰Gold Price Surge: Gold prices soared above $3,000, prompting Bank of America to raise its price target.
💸Profit-Taking Pressure: After the surge, mild profit-taking caused a slight price correction.
🛡️Safe-Haven Demand: Gold continues to show strength, supported by safe-haven flows amid economic uncertainty.
📅 Economic Data Impact: U.S. economic data (e.g., 0.9% rise in durable goods orders) is influencing gold prices, pushing them to session highs.
🔄Consolidation with Bullish Outlook: Gold is consolidating but remains bullish due to favorable U.S. dollar performance and Federal Reserve policies.
🌍Geopolitical Tensions: Ongoing Russia-Ukraine conflict and U.S.-Russia tensions continue to support gold’s status as a safe-haven asset.

💎 Summary:
Gold remains resilient with strong demand, positive economic indicators, and geopolitical tensions supporting its value, despite minor price corrections.

Trade active

looks like wave 4 pullback completed now
and gold bulls are trying to clear recent resistance
and rally to new AT 3100/3150 USD if S/R is cleared

Note

Bulls are taking out 3050 USD and are
close to breaking the recent resistance
at this rate we will hit 3100/3150 this Friday

Note

🆘Goldman Sachs lifts gold forecast. Could get above US$4200 by end 2025 in extreme case.

Note

expecting pullback from here. rejected on high volume
after retesting ATH. temp setback for the bulls.
expecting retrace into Friday session.

Note

ICT Concepts for FX and GOLD traders: 2025 edition

Note

+340 pips Best Level to SHORT USDCHF Swing Trade

Note

GOLD Market Update: Pullback in Progress BUY DIPS TP 3200 USD

Note

+400 pips EURUSD swing trade setup V-shape recovery BUY LOW

Note

GOLD H1 Update: Expect correction 2900/2950 USD

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