Hello traders here's my New XAU/USD idea, what you think on it? share your thoughts in
Gold (XAU/USD) 4h Chart Technical Analysis:
A strong bullish trend, with gold currently trading around $2,919.90. A resistance zone is established near $2,940, with a support level around $2,880. If the price sustains above resistance, it could trigger a rally toward the all-time high target of $2,960. However, failure to break above resistance could lead to a pullback toward the support zone.
Key Levels:
Resistance: ~$2,940
Support: ~$2,880
Target: ~$2,960 (New ATH)
Stop Loss: 2890 Lower Support
Risk: A break below support may signal a trend reversal.
Fundamental Analysis:
Geopolitical Risks: Ongoing global uncertainties (such as inflation, central bank policies, or geopolitical tensions) continue to drive gold prices higher as investors seek safe-haven assets.
U.S. Dollar & Interest Rates: The Federal Reserve’s stance on interest rates plays a crucial role. If the Fed signals rate cuts or maintains a dovish stance, gold could gain further momentum. Conversely, hawkish policies could limit upside movement.
Inflation & Market Sentiment: Persistent inflation concerns support higher gold prices, as investors hedge against currency devaluation. Additionally, if equity markets remain volatile, gold demand may rise.
Conclusion:
Gold remains in a strong uptrend, with the potential for further gains if resistance is broken. Traders should watch for fundamental catalysts like Fed announcements, economic data, and geopolitical developments to confirm the next major move.
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Gold (XAU/USD) 4h Chart Technical Analysis:
A strong bullish trend, with gold currently trading around $2,919.90. A resistance zone is established near $2,940, with a support level around $2,880. If the price sustains above resistance, it could trigger a rally toward the all-time high target of $2,960. However, failure to break above resistance could lead to a pullback toward the support zone.
Key Levels:
Resistance: ~$2,940
Support: ~$2,880
Target: ~$2,960 (New ATH)
Stop Loss: 2890 Lower Support
Risk: A break below support may signal a trend reversal.
Fundamental Analysis:
Geopolitical Risks: Ongoing global uncertainties (such as inflation, central bank policies, or geopolitical tensions) continue to drive gold prices higher as investors seek safe-haven assets.
U.S. Dollar & Interest Rates: The Federal Reserve’s stance on interest rates plays a crucial role. If the Fed signals rate cuts or maintains a dovish stance, gold could gain further momentum. Conversely, hawkish policies could limit upside movement.
Inflation & Market Sentiment: Persistent inflation concerns support higher gold prices, as investors hedge against currency devaluation. Additionally, if equity markets remain volatile, gold demand may rise.
Conclusion:
Gold remains in a strong uptrend, with the potential for further gains if resistance is broken. Traders should watch for fundamental catalysts like Fed announcements, economic data, and geopolitical developments to confirm the next major move.
Follow me for more updates and don't forget to share my idea with your friends and family
Trade active
Buy Trade Active From 2918 Target 2960 Good Luck Guys 
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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.
join on telegram
t.me/+RuNdZvCfSq0yMTI0
t.me/+RuNdZvCfSq0yMTI0
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.