💠 GOLD ANALYSIS – 03/05/2025
📌 Market Overview
Gold continues its strong upward trajectory, holding firm above key resistance levels. Following the release of ADP Nonfarm employment data, the market responded with increased demand, reinforcing the bullish sentiment.
🔥 Macroeconomic Factors at Play
The U.S. dollar (USD) has weakened due to ongoing tariff uncertainties and mixed economic data from the U.S. While there was a short-lived recovery in the dollar late last week, the overall sentiment suggests further strength in gold. Given this outlook, buying opportunities remain attractive as the price action aligns with technical confirmations.
💡 Strategic Focus for Today
During the Asian and European trading sessions, traders should closely monitor resistance levels to assess potential early BUY entries. If gold reaches the 2928 - 2926 zone, this could present an ideal setup for short-term SELL scalping, similar to yesterday’s move, which yielded a 150-pip profit.
🔹 Key Support & Resistance Levels
🔺 Resistance Levels:
2928 - 2942 - 2954
🔻 Support Levels:
2904 - 2894 - 2886 - 2874
🎯 Trading Plan for Today
🟢 BUY ZONE:
Entry: 2886 - 2884
Stop Loss (SL): 2880
Take Profit (TP): 2890 - 2894 - 2898 - 2905
🔴 SELL SCALP:
Entry: 2942 - 2944
Stop Loss (SL): 2948
Take Profit (TP): 2938 - 2934 - 2930 - 2925 - 2920
🔴 SELL ZONE:
Entry: 2954 - 2956
Stop Loss (SL): 2960
Take Profit (TP): 2950 - 2946 - 2942 - 2938 - 2934 - 2930
📌 Key Considerations & Risk Management
✔ Risk Control: Strictly adhere to Take Profit (TP) and Stop Loss (SL) levels to protect capital.
✔ Market Behavior: Prices may consolidate before tomorrow’s Nonfarm Payroll (NFP) data release, requiring patience and a disciplined approach.
✔ Confirmation Before Execution: Avoid premature entries—wait for clear signals to maximize trade efficiency.
📢 Will gold continue its bullish momentum or face a pullback? Drop your insights below! 🚀🔥
📌 Market Overview
Gold continues its strong upward trajectory, holding firm above key resistance levels. Following the release of ADP Nonfarm employment data, the market responded with increased demand, reinforcing the bullish sentiment.
🔥 Macroeconomic Factors at Play
The U.S. dollar (USD) has weakened due to ongoing tariff uncertainties and mixed economic data from the U.S. While there was a short-lived recovery in the dollar late last week, the overall sentiment suggests further strength in gold. Given this outlook, buying opportunities remain attractive as the price action aligns with technical confirmations.
💡 Strategic Focus for Today
During the Asian and European trading sessions, traders should closely monitor resistance levels to assess potential early BUY entries. If gold reaches the 2928 - 2926 zone, this could present an ideal setup for short-term SELL scalping, similar to yesterday’s move, which yielded a 150-pip profit.
🔹 Key Support & Resistance Levels
🔺 Resistance Levels:
2928 - 2942 - 2954
🔻 Support Levels:
2904 - 2894 - 2886 - 2874
🎯 Trading Plan for Today
🟢 BUY ZONE:
Entry: 2886 - 2884
Stop Loss (SL): 2880
Take Profit (TP): 2890 - 2894 - 2898 - 2905
🔴 SELL SCALP:
Entry: 2942 - 2944
Stop Loss (SL): 2948
Take Profit (TP): 2938 - 2934 - 2930 - 2925 - 2920
🔴 SELL ZONE:
Entry: 2954 - 2956
Stop Loss (SL): 2960
Take Profit (TP): 2950 - 2946 - 2942 - 2938 - 2934 - 2930
📌 Key Considerations & Risk Management
✔ Risk Control: Strictly adhere to Take Profit (TP) and Stop Loss (SL) levels to protect capital.
✔ Market Behavior: Prices may consolidate before tomorrow’s Nonfarm Payroll (NFP) data release, requiring patience and a disciplined approach.
✔ Confirmation Before Execution: Avoid premature entries—wait for clear signals to maximize trade efficiency.
📢 Will gold continue its bullish momentum or face a pullback? Drop your insights below! 🚀🔥
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 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.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 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.