strong growth, surpassing 3000 today🔔🔔🔔 Gold news:
➡️ Recently, some US officials have shown little concern over Wall Street's response to the Trump administration's trade policies. US Treasury Secretary Scott Bessent clarified that his remarks last Friday about a “detox period” did not imply that a recession was inevitable. In contrast, US Commerce Secretary Howard Lutnick stated that a recession would be a worthwhile trade-off to advance the administration’s policy agenda.
These statements reassured investors, leading to continued selling in US equities while driving demand for safe-haven assets such as Gold and the Japanese Yen (JPY).
Personal analysis:
➡️broke the old peak, currently fomo from the big market, ready to surpass 3000 today
Use Fibonacci Retracements to Find Psychological Resistance Zones
Plan:
🔆Price Zone Setup:
👉Sell Gold 3000 – 3003
❌SL: 3008 |
✅TP: 2994 - 2985 - 2970
FM wishes you a successful trading day 💰💰💰
Goldlong
GOLD(XAUUSD) -Weekly forecast,Technical Analysis & Trading IdeasMidterm forecast:
2772.38 is a major support, while this level is not broken, the Midterm wave will be uptrend.
OANDA:XAUUSD TVC:GOLD
Technical analysis:
A trough is formed in daily chart at 2832.55 on 02/28/2025, so more gains to resistance(s) 3000.00, 3050.00, 3080.00 and more heights is expected.
Take Profits:
2833.00
2879.11
2955.00
3000.00
3050.00
__________________________________________________________________
❤️ If you find this helpful and want more FREE forecasts in TradingView,
. . . . . . . . Hit the 'BOOST' button 👍
. . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?)
🙏 Your support is appreciated!
Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
Gold Surges Past $3,000 Amid Trump, Economic FearsThe glint of gold has intensified, piercing the $3,000 per ounce threshold, a symbolic milestone that echoes through centuries of economic and political upheaval.1 This surge, fueled by a potent cocktail of market anxieties and, notably, the amplified rhetoric of a potential Trump return, underscores gold's enduring role as a safe-haven asset and a barometer of global uncertainty.2 The psychological significance of breaching this key level cannot be overstated, solidifying gold's position as a timeless store of value in an increasingly volatile world.
The current rally, while rooted in broader economic anxieties, has received a significant jolt from the political landscape. The prospect of a second Trump presidency has injected a fresh wave of uncertainty into markets. His often-unconventional policy pronouncements, coupled with the potential for trade disputes and geopolitical tensions, have created a climate ripe for gold's ascent. Investors, seeking to mitigate potential risks, are flocking to the precious metal, driving its price to unprecedented heights.3
Beyond the political sphere, persistent economic concerns are also playing a crucial role. Inflation, despite recent efforts to tame it, remains a lurking threat. Global debt levels continue to climb, and concerns about a potential recession linger. These factors, combined with the inherent instability of fiat currencies, have bolstered gold's appeal as a hedge against economic turbulence.4 Gold, unlike paper money, cannot be printed at will, offering a sense of stability in an uncertain financial landscape.5
Furthermore, geopolitical instability is a perennial driver of gold prices. Ongoing conflicts, simmering tensions between major powers, and the ever-present threat of terrorism contribute to a sense of unease that pushes investors towards safe-haven assets. The perception of gold as a reliable store of value during times of crisis has been reinforced throughout history, and the current global climate is no exception.
The $3,000 milestone also serves as a potent reminder of gold's role as a gauge of fear in the markets.6 When investors are anxious, they tend to seek out safe havens, and gold has consistently proven to be a popular choice. The current surge in gold prices reflects a growing sense of unease about the future, both economically and politically.7 This fear, whether justified or not, is a powerful force driving market behavior.
The technical aspects of the gold market are also contributing to the rally. The break above $3,000 has triggered a wave of buying, as traders and investors seek to capitalize on the momentum. This technical breakout could lead to further gains in the short term, as the market tests new highs. The sheer psychological importance of the $3,000 level also draws in investors who were previously hesitant to participate.
However, it is crucial to recognize that gold prices are not immune to volatility. While the long-term outlook for gold remains positive, short-term fluctuations are inevitable.8 Factors such as changes in interest rates, shifts in investor sentiment, and unexpected geopolitical events can all impact gold prices.9 Investors considering gold as part of their portfolio should be prepared for potential price swings.
The current rally also raises questions about the long-term sustainability of these high prices. While gold's fundamental drivers remain strong, it is important to consider the potential for a correction. Historically, periods of rapid price appreciation have often been followed by periods of consolidation or decline. However, the unique confluence of factors currently supporting gold prices suggests that the rally may have further room to run.
In conclusion, the breach of the $3,000 per ounce mark is a significant milestone for gold, reflecting a confluence of economic, political, and psychological factors. The potential return of Trump, coupled with persistent economic anxieties and geopolitical instability, has created a perfect storm for gold's ascent. This surge underscores gold's enduring role as a safe-haven asset and a gauge of fear in the markets.10 While the future remains uncertain, gold's historical performance suggests that it will continue to play a crucial role in investor portfolios, offering a sense of stability in an increasingly turbulent world. The breaking of such a psychological barrier will also inevitably drive more speculative investment, and thus, drive the market further, at least in the short term. Investors should continue to monitor the global landscape and adjust their strategies accordingly, while recognizing the inherent volatility of the precious metals market. The allure of gold, however, remains strong, a testament to its enduring appeal as a timeless store of value.
Gold (XAUUSD) 15-Minute Chart Analysis – Bullish Trade SetupGold (XAUUSD) 15-Minute Chart Analysis
Key Observations:
Price Action:
The price is currently at $2,981.96.
The price has been in an uptrend, forming higher highs and higher lows.
Moving Averages:
EMA 30 (red line): At $2,965.00, acting as a dynamic support level.
EMA 200 (blue line): At $2,935.17, indicating a long-term bullish trend.
Trade Setup:
Entry Level: Around $2,981.96.
Stop Loss: Placed at $2,966.81.
Take Profit Targets:
TP1: $2,985.86
TP2: $2,992.23
TP3: $2,998.08
Final Target: $3,005.50
Risk-Reward Ratio:
The risk is defined by the distance between the entry price and the stop loss.
The reward is defined by the distance between the entry price and each take-profit level.
Given the setup, the trader is aiming for a favorable risk-to-reward ratio.
Trading Perspective:
Bullish Bias: The trend is strongly bullish, supported by the EMA 30 and EMA 200.
Confirmation Needed:
If the price sustains above $2,985, it increases the probability of hitting higher targets.
A break below $2,970 could invalidate the trade setup.
Would you like a deeper analysis with Fibonacci levels or volume data?
Unlock self-rescue guide hereNotice! The gold market has suddenly changed! Gold, which had been rising all the way, has now shown a peak signal, and a decline has become inevitable.
The current big Yinxian is falling straight, and the market is completely shrouded in a bearish atmosphere. From a technical perspective, the evening star pattern is significant, which is often a strong signal of trend reversal. At the same time, the gold price deviates seriously from the moving average. This deviation is difficult to maintain in the market for a long time, and returning to rationality is an observable rule.
Looking at the four-hour line again, the big Yinxian entity strongly engulfs the Yangxian, directly breaking through the support line, forming an extremely strong bearish engulfing pattern, which means that the space below has been opened, and a plunge may be just around the corner. Are you ready to meet this storm in the gold market? Opportunities always coexist with risks, and now is the time to test investors' decisiveness.
You can read bottom signals, interpret daily market trends, share real-time strategies, and no longer blindly follow the trend.
GOLD SURGES TO RECORD HIGH – IS $3,000 JUST THE BEGINNING?📌 Market Overview
Gold has surged to a new all-time high (ATH), approaching the critical $3,000 per ounce level. The rally has been fueled by recent inflation data (CPI & PPI), which has heightened market volatility. The US Dollar Index (DXY) has dropped to its lowest levels in recent months, further strengthening gold’s bullish momentum. As a result, investors are aggressively buying gold as a safe-haven asset amidst global economic and geopolitical uncertainty. 🚀
👉 Why is gold continuing to rise?
Investors are piling into gold, despite record-high prices, as uncertainty continues to drive demand for safe assets.
Donald Trump’s economic policies have added market instability, increasing gold's appeal.
As long as the USD remains weak, gold will continue to be a top investment choice.
📊 Will Gold Break Above $3,000?
🔹 Short-Term Outlook:
The Asian and European sessions are expected to remain bullish as investors continue accumulating gold.
The US session could bring some profit-taking, leading to temporary price swings.
Friday is historically volatile, meaning sharp pullbacks are possible before the week closes.
📉 Key Technical Levels to Watch
🔺 Resistance Levels: $3,000 - $3,019 - $3,039 - $3,052
🔻 Support Levels: $2,978 - $2,967 - $2,942 - $2,918
🎯 Trading Plan for Today
🔴 SELL ZONE: $3,039 - $3,041
📍 SL: $3,045
🎯 TP: $3,035 - $3,030 - $3,025 - $3,020 - $3,015 - $3,010 - ???
🟢 SCALP BUY: $2,968 - $2,966
📍 SL: $2,962
🎯 TP: $2,972 - $2,976 - $2,980 - $2,985 - $2,990 - $3,000
🟢 BUY ZONE: $2,948 - $2,946
📍 SL: $2,942
🎯 TP: $2,952 - $2,956 - $2,960 - $2,965 - $2,970 - $2,980 - $3,000 - ???
⚡ Final Thoughts – A Correction Before the Next Move?
📌 Gold continues its strong rally, but Friday could bring volatility as traders lock in profits.
📌 Stick to TP/SL strategies to manage risks and avoid sudden market swings.
📌 Watch the US session closely – major moves could happen!
💬 Will gold break $3,000 or face a sharp correction? Drop your thoughts below! 🚀🔥
Golden milestone moment, about to fall!Gold hit a new all-time high on Friday, reaching the psychologically critical $3,000 mark, with the precious metal up nearly 15% since the start of the year, fueled by trade war fears and expectations of a rate cut by the Federal Reserve. Trump's tariffs have been a key driver of safe-haven buying in gold. The global trade war has roiled financial markets, sparking recession fears, and Trump threatened on Thursday to impose a 200% tariff on imported alcohol from Europe, a trade war that is escalating. But in the short term, there is absolutely no reason to chase gold higher. Reaching $3,000 today is clearly a long position in the market to pull up shipments. What happens when the longs are exhausted? That could usher in a wave of retracements, so don't chase the highs now. Gold is about to plunge.
You can read bottom signals, interpret daily market trends, share real-time strategies, and no longer blindly follow the trend.
Gold 4 hour swing trade buy 2880Back this week with another swing trade.
Looking to buy at 2880 , this was previous support structure.
My conformations for this is based on wekly, daily and 4 hour trend lines plus the fibanocci level of 0,382 is right on my entry point.
I do these trades up based on technical analasis and my advice as always is go small be prepared for some drawdown and use proper risk management.
These trades are not meant to be finincial advice but mearly my own take on market structure.
Trade safe thei coming week.
Gold is about to fall, maybe even plummet!In the morning, gold rose above 2990 as expected and then fell back, but it stopped falling again at 2980 in the European session and rose again. The current market is rising again to test above 3000. From the current hourly chart, the pressure of 3005 is obvious. Today is the last trading day of this week. It is still optimistic about the decline in the evening, and even more optimistic about the plunge!!!
You can read bottom signals, interpret daily market trends, share real-time strategies, and no longer blindly follow the trend.
XAU/USD Long Position Setup📌 XAU/USD Long Position Setup
🔹 Entry: 2997
🔹 Stop Loss (SL): ❌ 2990
🔹 Take Profit Targets:
🎯 TP1: 3002 (+50 pips)
🎯 TP2: 3007 (+100 pips)
🎯 TP3: 3012 (+150 pips)
💡 Risk Management Tips:
✅ 📊 Risk-Reward Ratio: Aim for at least 1:2 to maximize gains.
✅ 📏 Position Sizing: Keep risk 1-2% of your capital.
✅ 🔄 Trailing Stop: Move SL to breakeven after TP1 to secure profits.
Be wary of black swans appearing on Friday!On Thursday, gold continued to rise in the US market. Driven by the uncertainty of tariff policies and the expectation of interest rate cuts by the Federal Reserve, the safe-haven appeal of gold remains undiminished. As of press time, the highest gold price has reached near 2985. After the CPI on Wednesday, gold seemed to have activated the rising button, and it started to rise all the way from the CPI low of 2905. After the initial jobless claims today, it hit a new record high again.
You can see that I have already drawn the 4-hour top range here
I think the top of 2990 is almost a potential top position, and tomorrow is Black Friday. Why did gold dare to go up so quickly on Thursday? There is only one reason, then there may be a big move tomorrow, Friday. It is very likely that in the early morning or tomorrow Friday morning, a wave of suppression near 2990 will be tested, and then the possibility of a rapid retracement will appear.
Therefore, I definitely do not recommend that you chase more in the future, there is no doubt about this. On the contrary, there are many people chasing more in the market at present. Seeing that gold has risen so much, they must think of retreating and going long. Therefore, tomorrow Friday, I suggest that you pay attention to the area around 2990. As long as this position can show a top structure signal in the Asian session, then don't hesitate to go short directly. Without saying too much, the first target can be seen at 2940-2930, or even 2920-2910.
You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
Gold (XAU/USD) Trade Update**Gold (XAU/USD).
### **Key Observations:**
✔ **Uptrend Strength:** Gold had a strong bullish move earlier, with a notable spike in volume.
✔ **Support & Resistance:**
- **Immediate support:** Around **$2,932 - $2,928** (black moving average line).
- **Resistance:** Around **$2,936 - $2,940**, where price struggled to break higher.
✔ **Moving Averages:**
- The **short-term (red & blue)** moving averages are trending upwards, signaling ongoing bullish momentum.
- The **long-term (black) moving average** remains below, supporting the uptrend.
### **Potential Scenarios:**
📈 **Bullish Case:** If Gold breaks above **$2,936 - $2,940**, it could re-test **$2,950** and move toward higher highs.
📉 **Bearish Case:** A break below **$2,928** could trigger a retest of lower supports near **$2,920 - $2,912**.
Gold surges, just $17 away from $3,000 Gold is sprinting to new all-time highs and approaching the $3000 level. The price has just reached $2983 at the time of writing, just $17 away from the key $3000 level.
Alex Ebkarian from Allegiance Gold forecasts “prices to trade between $3,000 and $3,200 this year,”.
Momentum is currently being driven by uncertainty around Trump tariffs and stalled ceasefire talks with Vladimir Putin, who has outlined sweeping conditions for any potential truce.
The upcoming Federal Reserve meeting next Wednesday could also be influencing prices. While the central bank is expected to keep its rate at 4.25%-4.50% until at least June, with the current economic environment, a change in guidance from the Fed might be warranted. A delay in the anticipated June rate cut wouldn't be helpful for the gold price
Gold accelerates to the top! The plunge alarm has soundedThe gold market has reached a critical point! Driven by the strong risk aversion sentiment, the price of gold has soared all the way, quickly breaking through many resistances and accelerating to the vicinity of 2985. However, if you look closely at the K-line chart, you will find that this round of rise is mainly stimulated by news, and there is strong resistance in the vicinity of 2985. Fortunately, we have already made arrangements. We have set the number of transactions reasonably before shorting. The current margin level is sufficient to support us in dealing with the current situation. At this time, it is a good time to increase positions. We can boldly increase positions and short in the 2977-2983 area, appropriately increase the number of transactions, lower the average price, and wait for gold to fall back to the 2940-2930 area. All positions will be decisively closed to achieve a turnaround, secure the bag, and lock in profits.
You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
GOLD VIEW 3H READ THE CAPTAINHello 👋 gold traders
3-hour timeframe of Gold Spot (XAU/USD) with technical analysis levels and moving averages. Here’s a breakdown of the key points:
Key Observations:
1. Support & Resistance Levels:
Support Level: Around 2,909.870 - 2,902.340 (marked as the buying zone).
Resistance Level: 2,930.173.
Target Point: 2,960.607.
2. Exponential Moving Averages (EMAs):
30 EMA (Red Line): 2,909.870 (Short-term trend).
200 EMA (Blue Line): 2,884.578 (Long-term trend, acting as strong support).
3. Price Action:
The price is currently in a consolidation phase around the resistance zone.
If the price breaks above 2,930, we might see a bullish move toward the target at 2,960.
If the price fails to break resistance, a pullback to the buying zone (support level at 2,909-2,902) is possible.
Trading Strategy Ideas:
Bullish Scenario (Breakout Above 2,930): Look for long positions targeting 2,960.
Bearish Scenario (Rejection at Resistance): A retest of the buying zone (2,909 - 2,902) before another push higher.
GOLD(UPDATE)Hello friends
Considering that we are at a price ceiling and the power of buyers has decreased and we are witnessing the formation of lower ceilings, we can enter a sell transaction if the resistance level is not broken, of course with capital and risk management.
This analysis is reviewed only from a technical perspective.
*Trade safely with us*
Gold Hitting Fresh All-Time Highs Amid Tariff UncertaintyVersus the US dollar, spot gold (XAU/USD) rallied strongly in the early hours of the US session and is now up 1.5% on the day. Currently trading at US$2,977 and refreshing record highs, the precious metal is on the cusp of bumping heads with the widely watched US$3,000 level.
Gold’s Uptrend Remains Intact
Although Gold’s multi-year uptrend is not ensured to continue, from a technical perspective, the trend remains unbroken until demonstrated otherwise. And, right now, buyers are certainly in the driving seat. Some analysts use moving averages to indicate a trend change, while others use technical indicators; I prefer good old-fashioned price action to help validate a trend reversal, and I have seen limited evidence thus far.
Bulls Targeting US$3,000?
The daily chart shows that price action is fast approaching the US$3,000 barrier, with a 1.272% Fibonacci projection ratio circling just above at US$3,002. While this Fibonacci projection ratio is essentially an ‘alternate’ AB=CD bearish structure, I tend only to consider these patterns in downtrends, employing them to help confirm and fade a pullback. However, that is not to say that they cannot be used as profit objectives/potential resistance levels in uptrends. Consequently, given possible negative divergence from the Relative Strength Index, the US$3,000 area could prompt profit-taking.
With the above in mind, until the yellow metal reaches US$3,000, this could open the door to short-term bullish scenarios. The H1 decision point area at US$2,966-US$2,971 is a zone I will watch closely for bulls to make a show from in the event price tests this space. Interestingly, this base is accompanied by a H1 channel resistance-turned potential resistance, extended from the high of US$2,922.
Written by FP Markets Market Analyst Aaron Hill
Gold Upward Trend Continues with $2975 Target in SightThe gold market is currently experiencing a bullish trend, and technical indicators suggest that this momentum is likely to continue. Based on the 4-hour chart analysis, gold is approaching a new high, with the next key price target set at $2975.
Technical Analysis & Market Outlook
Price Trend & Momentum
Gold prices are on an upward trajectory, indicating strong bullish sentiment.
The market is showing a consistent push toward higher price levels.
Fibonacci Retracement Signals Bullish Continuation
The Fibonacci 0.5 retracement level has been successfully completed.
This technical confirmation suggests that the correction phase has ended, and the price is likely to continue its upward movement.
Key Resistance & Support Levels
The next major resistance level is at $2975, which serves as a potential price target.
On the downside, if the market faces any pullback, previous support zones $2878 will play a crucial role in stabilizing the price.
Market Expectations
Given the technical setup, gold is expected to maintain its bullish momentum in the short term. Traders and investors should monitor key resistance levels, while also keeping an eye on macroeconomic factors such as inflation data, interest rates, and geopolitical developments, which can influence gold prices further.
In conclusion, with the Fibonacci retracement completed and the market pushing toward new highs, gold is well-positioned to reach $2975 in the coming sessions
All units pay attention to gold 2975 directly short 2800 seePrepare for a sharp drop
Gold is ready to plummet, and the notification has been in place. The current price in the 2970-2975 area is short, and it is ready for a sharp drop. This sharp drop will be below 2800. I have told you in advance
The crazier gold is, the more it will plummet. The whole network is bullish. What are the dealers doing? It must be an unconventional trend. Enter the market at a short speed
You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
Gold is about to fall, and the secret behind itFrom the hourly chart, the gold price rose rapidly from 2932 to 2946 in the morning, showing the strong power of the bulls. But in the afternoon, the situation suddenly changed, and the price quickly fell back from 2946 to 2932, and the bulls and bears played fiercely. In the European session, gold once again exerted its strength and climbed from 2932 to 2948. Combining the characteristics of the Asian and European sessions, it is not difficult to find that gold has a tendency to go back and forth in a certain range again. Looking back at the rebound from 2880 to 2948, it is very similar to the trend of the early March. That is, after a wave of short-term continuous positive pull-ups, it will enter a box-shaped oscillation state and last for several hours, and then start a short-term continuous positive pull-up again, and then fall into a box-shaped oscillation cycle again. The pressure formed by the upper rail of the channel 2951-53 line. If the gold price is under pressure here, there is a high probability that it will fall back repeatedly, and the target area is 2930-2920. Even reaching the 2910 area.
You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
Gold’s Next Move: A Pullback Before the Breakout?🔵 Current Market Overview: Gold in Consolidation
Gold has been consolidating in a tight range following a strong bullish impulse, as seen in the highlighted zone on the chart. This phase of sideways movement suggests that the market is gathering momentum before the next major move. Consolidation typically occurs when buyers and sellers are in temporary equilibrium, and a breakout or pullback often follows.
Despite this consolidation, gold remains fundamentally strong, largely due to macroeconomic factors and global uncertainties. The demand for gold as a safe-haven asset has been increasing, which has contributed to its strong performance. However, before continuing higher, gold might seek liquidity at lower levels, triggering a retracement before the next leg up.
📉 Technical Analysis: Why a Pullback is Likely
🔹 Key Levels to Watch
Support Line – A rising trendline acts as a strong dynamic support level, aligning with potential retracement zones.
Golden Pocket Zone (0.618 - 0.65 Fibonacci Retracement) – A historically significant level where price often reverses.
Local Resistance (Consolidation Range) – The price is struggling to break out of this range, indicating that liquidity may still need to be gathered at lower levels.
🔹 Expected Price Action
Gold is currently consolidating, meaning price is moving sideways after a large bullish impulse.
A retracement towards the golden pocket and trendline support is a high-probability scenario before gold resumes its uptrend.
Once the price reaches this zone, we can anticipate a strong bounce if buyers step in, aligning with the overall bullish momentum in the market.
🔹 Confluence Factors Supporting This Setup
Trendline & Fibonacci Alignment – The golden pocket overlaps with a key trendline, adding extra support.
Liquidity Zones – Large players often push price lower before a continuation to shake out weak hands.
Market Structure – A classic bullish retracement before continuation upwards.
⚡ Fundamental Strength of Gold
While technical analysis points to a short-term retracement, the broader macroeconomic landscape supports gold’s long-term strength.
🌍 Key Fundamental Factors Driving Gold’s Strength
Global Economic Uncertainty – Ongoing geopolitical tensions, inflation concerns, and central bank policies are increasing demand for safe-haven assets like gold.
Inflation & Interest Rates – Central banks’ policies regarding interest rates significantly affect gold. With concerns about inflation still present, gold continues to attract investors looking for stability.
Stock Market Volatility – As riskier assets experience turbulence, gold remains a favored hedge against economic instability.
Institutional Demand – Central banks and large financial institutions have been increasing their gold reserves, adding to its bullish outlook.
Given these factors, gold’s long-term trajectory remains bullish, but short-term pullbacks are a natural part of market movement.
✅ Trade Strategy & Execution Plan
🔹 Entry Plan
Wait for price to retrace into the golden pocket zone (0.618 - 0.65 Fib retracement) before entering a long position.
Look for bullish confirmation signals such as reversal candlestick patterns (hammer, engulfing, etc.), increased buying volume, or RSI divergence.
Consider a staggered entry approach, scaling into the trade as confirmation builds.
🔹 Risk Management
Stop-loss placement: Below the golden pocket and key support levels to allow room for volatility while protecting capital.
Position sizing: Risk no more than 1-2% of your capital per trade.
Potential invalidation: If price breaks below the golden pocket zone and fails to recover, reconsider the setup.
🔹 Take-Profit Targets
First target: Recent highs around $2,920 - $2,930
Second target: Potential breakout above $2,950+ if bullish momentum continues.
Final target: Depending on momentum and market conditions, gold could push towards new all-time highs.
Conclusion:
This trade setup presents a compelling opportunity for a high-probability pullback and bounce trade. Gold remains fundamentally strong, but a short-term retracement to a key technical level is likely before resuming its uptrend.
By waiting for price to reach the golden pocket and support zone, traders can position themselves for a high-reward trade with a favorable risk-to-reward ratio. As always, proper risk management is essential to navigate market volatility effectively.
__________________________________________
Thanks for your support!
If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈