Hey traders! Let’s break down today’s GOLD playbook with all fundamentals, fresh news, and technicals to help you plan your trades efficiently.
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🧠 Fundamental Drivers:
Fed Dovish Tilt – Two rate cuts expected in 2025 → Bullish Gold
Weak US Consumer Confidence – Confidence is dipping, favoring safe-havens
Geopolitical Uncertainty – Trade war jitters + Central bank gold hoarding → solid floor for XAU
BofA Forecast – Targeting $3,063/oz this year → underpins bullish sentiment
Tariff Announcements from U.S. – Risk-off flows likely to continue
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📊 Technical Setup (H1 & M15 focused for intra-day traders):
Current Price: $3,023
Key Resistance Levels:
$3,025 → breakout trigger
$3,032 → momentum expansion zone
Key Support Levels:
$3,000 → psychological + structural support
$2,985 → liquidity sweep potential
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🔥 Immediate Trade Strategies (Scalping + Momentum):
1. Breakout Scalps (Momentum Entries):
> Ideal for NY or London overlap session
Bullish:
Buy above $3,025
Target 1: $3,032
Target 2: $3,046
SL: $3,019
Bearish:
Sell below $3,000
Target 1: $2,985
Target 2: $2,970
SL: $3,005
2. Liquidity Sweep Reversal (Fade Moves):
Wait for a fakeout above $3,032 or below $2,985
Enter on rejection candle with tight SL
Target mid-zone around $3,010–$3,015
3. Range Play (If no breakout happens):
Long near $3,000
Short near $3,025
Quick 15–20 pip scalps on M5/M15
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📌 Watch These Events Today:
US GDP Final (Q4) at 12:30 GMT – key driver for USD reaction
Jobless Claims – any upside surprise will pressure gold
Fed Speakers – always a risk if tone changes
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🧭 Summary: Gold is in a consolidation phase, but the macro tone remains bullish, especially if data weakens further.
Key today is $3,025 breakout or $3,000 flush – play either side with clean risk. Momentum favors buys on dips, unless a fundamental shock flips the script.
Stay sharp, manage risk, and don’t get chopped in fake moves!
Let me know in the comments how you’re playing XAU today.
#XAUUSD #Gold #Scalping #IntradayTrading #Forex #TechnicalAnalysis #TradingPlan #FOMC #Inflation #SafeHaven #PriceAction
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Meta Futures.
Join TG: t.me/MetaFuturesForex
Meta Futures.
Join TG: t.me/MetaFuturesForex
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.
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Meta Futures.
Join TG: t.me/MetaFuturesForex
Meta Futures.
Join TG: t.me/MetaFuturesForex
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.