Gold can exit from wedge and drop to support levelHello traders, I want share with you my opinion about Gold. Price action on Gold has shown strong bullish momentum earlier, as it broke out of the previous upward channel and started forming an upward wedge. The rally gained traction once the price left the buyer zone between 3006 - 3025 points, pushing through multiple resistance levels and creating a new structure of higher highs. After the breakout from the wedgeโs support line, the price continued to grow and eventually reached the upper boundary of the wedge pattern. Here, we saw a clear reaction and reversal, signaling potential exhaustion among buyers. Currently, the price is trading just below the upper wedge resistance and has already made a pullback after the latest local high. Given this structure and the fact that the wedge pattern is tightening, I expect gold to reverse again and decline toward 3270, which is my first TP. If pressure continues, the price may drop to the 3210 current support level as TP2. The reaction from the upper wedge boundary, combined with weakening momentum and a strong support area below, supports my bearish outlook for now. Please share this idea with your friends and click Boost ๐
GOLDCFD trade ideas
HelenP. I Gold will make correction movement to support zoneHi folks today I'm prepared for you Gold analytics. After a strong breakout from the ascending structure, price continued its bullish momentum and reached a fresh local high near 3340 points. This impulsive rally was preceded by a steady upward trend inside a rising channel, where the price showed multiple rejections from the lower boundary and the trend line, particularly near the 2970 level, which also matched with the key support zone at 2950 - 2970 points. The upward movement accelerated once Gold broke through the previous resistance zone around 3160 points, which is now acting as support. That level also coincides with the upper edge of the earlier consolidation area, making it a key zone for potential future reactions. At the moment, the Gold is trading far above the trend line and is extended from its last confirmed support structure. Given the sharp vertical impulse and the lack of significant pullbacks, I expect a downward correction toward the 3175 - 3160 support zone, which is my current goal. This area remains critical for evaluating the next buyer reaction and further trend continuation. If you like my analytics you may support me with your like/comment โค๏ธ
3382 , next ATH number today, GOLDโญ๏ธGOLDEN INFORMATION:
Gold price (XAU/USD) enters a phase of consolidation on Thursday, trading within a narrow range near its all-time high reached during the Asian session, as investors digest conflicting market signals. Stronger-than-expected US Retail Sales figures and hawkish remarks from Federal Reserve (Fed) Chair Jerome Powell have lent support to the US Dollar (USD), curbing some of goldโs upside momentum. Meanwhile, the upbeat sentiment across equity markets and mildly overbought technical conditions are prompting traders to remain cautious, limiting fresh buying interest in the precious metal for now.
โญ๏ธPersonal comments NOVA:
Gold price continues to increase today, the fomo still has no end, pay attention to the new ATH price zone 3382
โญ๏ธSET UP GOLD PRICE:
๐ฅSELL GOLD zone : 3381- 3383 SL 3388
TP1: $3370
TP2: $3355
TP3: $3333
๐ฅBUY GOLD zone: $3302 - $3300 SL $3295
TP1: $3310
TP2: $3320
TP3: $3330
โญ๏ธTechnical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
โญ๏ธNOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD โ Recovery after the FB of 0.5 fibo. What's next?FX:XAUUSD on Thursday tests 0.5 fibo, which I outlined to you on April 17, forms a false breakdown and recovers amid unstable geopolitical relations in the world. Price may continue its northward run.
The dollar continues to fall. The fundamental background depends on the relationship between the US and China as well as economic data especially after Powell's speech. The weekly session closes close to support, the decline may continue.
Gold after the shakeout is heading back north. Based on the fundamental background, the price may continue to rise. There are three days of downtime ahead as traders rest.
Fundamentally, anything can happen over the weekend, however, technically, the emphasis is on intermediate levels. The trend is still strong and bullish
Resistance levels: 3332, 3344, 3357
Support levels: 3313, 3288, 3284
If nothing supernatural happens over the weekend, gold in the Asian session may bounce off the nearest resistance and test trend support before continuing the uptrend. If there are any critical changes in the mood of countries/politicians then I will update the situation
Regards R. Linda!
The Secret Behind Stop-Loss Sweeps & How to Escape the PsychologโYouโre not losing trades because youโre unluckyโฆ
Youโre losing because someone out there is smarter โ and they're hunting your stop.โ
Itโs time you see the real game behind every wick, fakeout, and reversal.
This isnโt guesswork. Itโs called Liquidity Hunting โ and itโs how institutions profit off retail emotions.
๐ฅ What Is Liquidity Really?
Everyone talks about liquidity, but letโs break it down clearly:
Liquidity = Clusters of pending orders.
Mostly stop-losses. Mostly from retail. Mostly sitting in the same obvious places.
Where exactly?
Right below clean support
Right above clean resistance
Just beyond that third trendline touch
Youโve seen it.
Price tags your SL by a few pipsโฆ then rockets in the direction you predicted.
Thatโs not a mistake. Itโs a setup.
๐ฏ What Do Smart Money Players Want?
They donโt enter like you do.
They canโt.
They move millions, even billions โ they need:
A crowd of retail orders to fill theirs
A trap that looks like a breakout
An emotional wave of buyers/sellers to feed on
So what do they do?
They build the illusion.
They wait for you to bite.
And then they take your exitโฆ
To enter their position.
โ๏ธ The 4-Phase Blueprint of a Liquidity Hunt
1. Build the Trap
Let price form something retail can trust:
Triple tops
Equal lows
Picture-perfect support zones
Trendlines with three or more touches
Retail piles in. SLs stack up.
Now the trap is ready.
2. Sweep the Zone
One violent move.
Break support
Break resistance
Wick everyone out
Trigger fake breakouts
Retail thinks itโs โthe real move.โ
But itโs just smart money collecting liquidity.
3. Shift the Structure (BOS / MSS)
Immediately after the sweep:
Price reverses
Recent structure breaks
Momentum shifts
This is your real signal.
The Break of Structure confirms:
The trap was sprung โ and now itโs your turn to act.
4. Enter Like a Sniper (FVG / OB)
Now price pulls back to:
A Fair Value Gap (imbalance left from the sweep)
A Bullish or Bearish Order Block (last candle before the move)
This is your entry.
Itโs clean.
Itโs logical.
And itโs completely opposite from the crowd.
๐ง A Real-World Example
Gold is trading near $1,980.
Thereโs clean resistance at $2,000.
Everyone says:
โIf 2,000 breaks, Iโm buying with a target at 2,010 and SL at 1,995.โ
Price spikes to $2,002.
They enter.
Thenโฆ crash to $1,987.
All SLs gone.
Thenโฆ it pumps to $2,020.
Sound familiar?
Thatโs the sweep.
Thatโs the trap.
Thatโs the game.
โ Why Retail Keeps Losing
They chase breakouts
They place SLs where everyone else does
They act on emotion
They never wait for confirmation
โ
How to Flip the Script
Hereโs how to trade like smart money:
Spot the Liquidity Zones
Equal highs/lows. Obvious trendlines. Clean support/resistance.
Thatโs where stop-losses live.
Wait for the Sweep
Donโt guess. Wait for the trap to be triggered.
Watch for that fake move.
Watch for Structure Shift
When the market flips direction and breaks a key level โ thatโs your cue.
Enter on the Pullback (OB or FVG)
Let price come to you.
Your SL is small.
Your RR is massive.
Your mindset is cold.
๐ฅ Final Mindset Shift
โIf I were a bankโฆ where would I trap people?โ
Thatโs how institutions think.
They donโt trade signals โ they create them.
They donโt follow trends โ they reverse them.
They donโt chase โ they hunt.
Now that you know the game...
Trade the trap. Not the bait.
XAUUSD Reversal imminent. Potential short-term top reached.Gold (XAUUSD) hit the 1-month Higher Highs trend-line and has started to form a short-term Top. The last two short-term High sequences peaked on the 2nd High and pulled-back to at least the 4H MA50 (blue trend-line).
The peak formation on the 4H RSI of those two sequences was demonstrated with Lower Highs. Similarly the most optimal short-term buy was when the 4H RSI got oversold below 30.00. At the same time, the price hit the 4H MA200 (orange trend-line).
But for now, the best action is to sell and take profit when the price makes contact with the 4H MA50.
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๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
๐ ๐ ๐ ๐ ๐ ๐
Lingrid | GOLD Retracement Likely Before UPWARD Continuation The price perfectly fulfilled my previous idea . It reached the target. OANDA:XAUUSD broke and closed above the swap zone around 3050, which was also Monday's high. The price is now testing the zone above the 3100 level, and I anticipate a potential pullback following the recent bullish extension. Given today's high-impact news, the market may drop from the resistance zone. If the price forms a retracement toward the support level, where we have an upward trendline and swap zone, there is a good chance of the price to rebound. Another scenario could be sideways movement, as we previously observed sideways action at this zone when looking to the left. Overall, I expect a pullback followed by continuation. My goal is resistance zone around 3145
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ๐ฉโ๐ป
GOLD: Long Trading Opportunity
GOLD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy GOLD
Entry Level - 3225.9
Sl - 3218.11
Tp - 3240.8
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โค๏ธ Please, support our work with like & comment! โค๏ธ
Learn 3 Best Time Frames for Day Trading Forex & Gold
If you want to day trade Forex & Gold, but you don't know what time frames you should use for chart analysis and trade execution, don't worry.
In this article, I prepared for you the list of best time frames for intraday trading and proven combinations for multiple time frame analysis.
For day trading forex with multiple time frame analysis, I recommend using these 3 time frames: daily, 1 hour, 30 minutes.
Daily Time Frame Analysis
The main time frame for day trading Forex is the daily.
It will be applied for the identification of significant support and resistance levels and the market trend.
You should find at least 2 supports that are below current prices and 2 resistances above.
In a bullish trend, supports will be applied for trend-following trading, the resistances - for trading against the trend.
That's the example of a proper daily time frame analysis on GBPCHF for day trading.
The pair is in an uptrend and 4 significant historic structures are underlined.
In a downtrend, a short from resistance will be a daytrade with the trend while a long from support will be against.
Look at GBPAUD. The market is bearish, and a structure analysis is executed.
Identified supports and resistances will provide the zones to trade from. You should let the price reach one of these areas and start analyzing lower time frames then.
Remember that counter trend trading setups always have lower accuracy and a profit potential. Your ability to properly recognize the market direction and the point that you are planning to open a position from will help you to correctly assess the winning chances and risks.
1H/30M Time Frames Analysis
These 2 time frames will be used for confirmations and entries.
What exactly should you look for?
It strictly depends on the rules of your strategy and trading style.
After a test of a resistance, one should wait for a clear sign of strength of the sellers : it can be based on technical indicators, candlestick, chart pattern, or something else.
For my day trading strategy, I prefer a price action based confirmation.
I wait for a formation of a bearish price action pattern on a resistance.
Look at GBPJPY on a daily. Being in an uptrend, the price is approaching a key resistance. From that, one can look for a day trade .
In that case, a price action signal is a double top pattern on 1H t.f and a violation of its neckline. That provides a nice confirmation to open a counter trend short trade.
Look at this retracement that followed then.
In this situation, there was no need to open 30 minutes chart because a signal was spotted on 1H.
I will show you when one should apply this t.f in another setup.
Once the price is on a key daily support, start looking for a bullish signal.
For me, it will be a bullish price action pattern.
USDCAD is in a strong bullish trend. The price tests a key support.
It can be a nice area for a day trade.
Opening an hourly chart, we can see no bullish pattern.
If so, open even lower time frame, quite often it will reveal hidden confirmations.
A bullish formation appeared on 30 minutes chart - a cup & handle.
Violation of its neckline is a strong day trading long signal.
Look how rapidly the price started to grow then.
In order to profitably day trade Forex, a single time frame analysis is not enough . Incorporation of 3 time frames: one daily and two intraday will help you to identify trading opportunities from safe places with the maximum reward potential.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAU/USD: All-Time High Reached with Pullback Opportunity AheadThe XAU/USD market has set a new all-time high, continuing its strong bullish trajectory toward the 3300 resistance zone. This level may act as a potential reversal point, offering a chance to enter on a pullback.
A range zone has formed around the 3225 level, which, along with the nearby upward trendline, could serve as a key support area for identifying buy signals. With high-impact news scheduled for today, volatility is expected. Should a retracement occur, the support zone around 3225 may provide a launchpad for the next move toward the resistance zone at 3390
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Complete correction on the move here from Gold! Markets are extreme but there are pips to be had as long as you're trading the extreme levels. We mentioned in the morning review that the bias level was 3130 bearish below, which got a tap and bounce for over 150pips but then we flipped, and what a flip. As soon as Excalibur triggered, we mentioned not to test the level again, and then went on to complete all the bullish targets, plus the Excalibur targets up into 3172 where some got another short opportunity.
Now, a really interesting play, we're stretched but we have a key level above at 3190-95. That could be the extension of the move over the Asia session so it's a level to keep an eye on for the RIP, unless broken. Otherwise, we need to break above the recent high to go higher and the retracement tomorrow can take us down as low as 3130-35!
It's going to be interesting to see how we close. For us, we've done our job, tomorrow we'll clean up and prepare for next week.
From Camelot this morning:
Price: 3108
KOGโs Bias of the day:
Bearish below 3130 with targets below 3104 and below that 3095
Bullish on break of 3130 with targets above 3135โ
, 3143โ
and above that 3150โ
RED BOXES:
Break above 3110 for 3120โ
, 3127โ
, 3130โ
and 3142โ
in extension of the move
Break below 3096 for 3085, 3070 and 3065 in extension of the move
As always, trade safe.
KOG
XAUUSD buy zone in 1h break of structureLast 3 days of past week XAUUSD had a strong uptrend with bullish momentum. From 1h perspective we have seen price had a bounce, and there is no significant break of structure on the lower timeframe, which means, as with the new market open, any break of structure is an opportunity to go long. Expecting to test the previous swing low is a zone where we can look for for potential entry to ride the trend.
Will wait for price action confirmation on market opening.
Gold prices fluctuate sharplyAt present, spot gold is crazy, and the craziest period in gold history is still inferior. On January 21, 1980, spot gold soared by more than $160 on the same day, from the lowest peak of $685/ounce to $850, and then plummeted by more than $100, forming a 30-year peak. On April 12, 2013, the highest was 1565 and the lowest was 1480, a single-day drop of $85; on April 15, the highest was 1496 and the lowest fell to 1336, a single-day drop of $160, and a sharp drop of nearly $230. With the further development of the tariff war, it is expected that in the next 1-2 weeks, the rise of spot gold will be even crazier, and the decline will refresh the historical peak again!
XAU/USD...4h ChartPattrenMY gold trading signal looks clear and concise. Here's a breakdown of the key elements:
*Signal Details*
1. *Entry Price*: 3296
2. *Target Price*: 3500
3. *Stop Loss*: 3250
4. *Sentiment*: Bullish, indicating strong momentum in gold prices.
*Format and Updates*
1. *Text Format*: The current format is straightforward and easy to understand. It's great for quick communication and can be easily shared via text or messaging platforms.
2. *Graphic Version*: Creating a graphic version could enhance visual appeal and make the signal stand out. You could include:
- A chart showing the entry point, target, and stop loss.
- Icons or colors to highlight bullish sentiment.
- Additional information like current price, potential profit/loss, and risk level.
*Considerations for Future Signals*
1. *Consistency*: Keeping a consistent format for your signals can help recipients quickly understand and act on them.
2. *Additional Information*: Consider including more details such as:
- Time frame for the signal (short-term, long-term).
- Rationale behind the signal (technical indicators, news, etc.).
- Risk management tips specific to this trade.
3. *Update Frequency*: Decide how often you'll update the signals. Regular updates can keep recipients informed about market changes.
*Next Steps*
- *Feedback*: Gather feedback from your audience on the preferred format and content of the signals.
- *Automation*: If you're planning to send out signals frequently, consider automating the process using trading software or platforms that can generate and send signals based on predefined criteria.
- *Education*: Provide educational resources or explanations about the signals and trading strategies to help recipients understand and make informed decisions.
Would you like to explore creating a graphic template for your signals or discuss ways to automate signal generation and distribution?
Gold Falls Like Waterfalls (Bearish Gold)Hello Traders Here is my First Ideas About Gold Kindly Share your opinions About it.
XAUUSD (GOLD) Will Drop From Current area After making a new High Gold is ready to falls I have Simply Shared my opinions about Gold That price will drop to 3190 -91 which is also a strong support of the Week.
Keep Boost my ideas & Follow for timely updates.
Gold XAUUSD Possible Setup 15/04/2025๐ง Technical Analysis:
Trend Structure:
The price was following a short-term ascending channel (bullish structure).
Recently, price broke below the lower trendline, indicating a potential bearish shift.
Support Zones:
First support zone: 3210โ3214
This is a minor support and could serve as the first potential bounce area.
Second support zone: 3189โ3194
This is a stronger historical demand zone. Stronger bounce expected from here if the price continues falling.
Resistance Zone:
Around 3241โ3245, which is the recent high and also aligns with prior resistance.
Price Action:
Bearish engulfing candles and a break below the trendline indicate bearish momentum in the short term.
Current price: ~3219. If selling pressure continues, price might retest 3210 or even 3190.
๐ Trading Signal:
โ
Buy Signal 1 โ Aggressive Entry
Entry Zone: 3210โ3214
SL: Below 3203
TP1: 3235
TP2: 3245
RR: ~1:2+
โ
Buy Signal 2 โ Conservative Entry
Entry Zone: 3189โ3194
SL: Below 3182
TP1: 3210
TP2: 3235
RR: ~1:3+
๐ Note: Wait for bullish confirmation (e.g., bullish engulfing or pin bar) near either support zone before entering.
๐ Summary:
Price broke ascending structure = short-term bearish
Look to buy from 3210โ3214 (aggressive) or 3189โ3194 (conservative) on bullish confirmation.
Hit follow, like and comment.
Gold fluctuates at high levels and is under pressure to adjust!Gold's 1-hour moving average has begun to turn gradually, and the bullish force has begun to weaken. It may continue to adjust in the short term. The 1-hour short-term double top structure, the rebound did not continue to set a new high, and the rebound began to fall under the pressure of 3232. The trend of the small-level cycle maintains a slightly stronger trend along the short-term moving average. Pay attention to the short-term adjustment. It is still mainly short-selling on the rebound, and it is still maintained near 3227-30 to participate in short orders. It is expected that gold will continue to adjust in the future, and 3200 is likely to be broken. On the whole, it is recommended to mainly short-sell on the rebound, and to buy on the callback as a supplement. The short-term focus on the upper side is 3230-3232. The short-term focus on the lower side is 3200-3210. Gold operation strategy reference: Strategy 1: Short (buy short) two-tenths of the position in batches near 3227-3230 of gold rebound, stop loss 6 points, target near 3215-3210, break to see 3200 line;
How to grasp the high-level fluctuations of gold?The gold market is still maintaining a strong trend. From the current technical point of view, the daily line closed with a negative line, and the small negative line after three consecutive positive lines is still bullish. If the daily line does not break the new high of 3245, we should pay attention to the possibility of adjustment, and after the daily line closes with a negative line, the top is determined, and there is a possibility of a sharp drop in the future. Therefore, although it is a bullish trend for the time being, we should pay attention to the possibility of adjustment in gold and the changes in the daily line cycle. Reference for gold operation strategy: When gold pulls back to around 3213-3215, go long (buy up) in batches with 20% of the position, stop loss 6 points, target around 3230-3240, and look at the 3250 line if it breaks;
Gold (XAUUSD) Bullish Breakout Setup โ Targeting 3,394.56 After EMA 30 (Red Line): Currently at 3,109.56
EMA 200 (Blue Line): Currently at 3,064.85
Price is above both EMAs, indicating bullish momentum in the short and long term.
๐ Trade Setup:
Entry Point: Around 3,162.15
Stop Loss Zone: Below the purple support box around 3,109โ3,141 (right above the 30 EMA)
Target (Take Profit): 3,394.56 โ marked as "EA TARGET POINT"
๐ Strategy Outlook:
Bullish Setup: The price recently broke out of a resistance zone (purple area) and retested it, confirming the breakout.
The risk-to-reward ratio appears favorable, as the target is significantly higher than the stop loss.
The upward price projection suggests confidence in a strong bullish continuation.
โ ๏ธ Things to Watch:
Volume confirmation and price action near the entry level.
If price closes below the 30 EMA, it may invalidate the setup.
Always consider broader macroeconomic or fundamental factors when trading gold (e.g., USD strength, interest rates, geopolitical tension).
Gold Third Scenario , Depend On Breakout , What`s Your Opinion ?Here is the update for the last idea i post for Gold , if we take a look now we will see that he price moving in sideway and still not touch my support , so do yo uthink the price will go up without retest it ? or should we keep the first analysis ?
Gold Ideas for 14th of April๐ Market Structure Overview
Trend Analysis: Price has reached premium levels, suggesting a potential for short-term pullbacks within the broader bullish trend.
Key Levels: Monitoring for breaks below 3025 to signal a shift in macro bias.
๐ Key Technical Zones & Confluences
Premium Sell Zone: 3248โ3268, characterized by unmitigated order blocks and potential liquidity traps.
Internal Demand Zone: Around 3180, aligning with trendline support and Fibonacci retracement levels.
Strong FVG & Order Block: 3137โ3145, indicating a significant area of interest for potential reversals.
๐ Plan of Action
๐ป Sell Scenario 1
Entry: 3242 โ 3248
Stop Loss: 3255
Take Profits: TP1: 3215 | TP2: 3188 | TP3: 3160
Rationale: Anticipating rejection from fresh M15 order block with liquidity sweep above 3242. RSI divergence noted as additional confluence; confirmation required on M5.
๐ป Sell Scenario 2
Entry: 3260 โ 3268
Stop Loss: 3275
Take Profits: TP1: 3235 | TP2: 3200 | TP3: 3165
Rationale: Targeting final premium order block with unmitigated H1 zone and imbalance. Ideal for NY session traps; look for bearish engulfing patterns.
๐ข Buy Scenario 1
Entry: 3180 โ 3172
Stop Loss: 3165
Take Profits: TP1: 3205 | TP2: 3230 | TP3: 3250
Rationale: Confluence of trendline and M30 order block with internal structure support. Requires bullish price action and CHoCH on M5 for confirmation.
๐ข Buy Scenario 2
Entry: 3137 โ 3142
Stop Loss: 3129
Take Profits: TP1: 3180 | TP2: 3205 | TP3: 3240
Rationale: Major imbalance and H1 order block with RSI confluence. Look for bullish engulfing or aggressive CHoCH on lower time frames.
๐ Key Zones Recap
Premium Sell Zone: 3248โ3268
Internal Demand Zone: 3180
Strong FVG & OB: 3137โ3145
Critical Support: 3025 (break indicates macro bias shift)
๐ Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
๐ฃ If this strategy sparked clarity, hit that like button and follow our community for more in-depth ideas. ๐
GOLD Explosive Bull Run or Setup for a Historic Short?๐ XAU/USD Outlook: Explosive Bull Run or Setup for a Historic Short? ๐ฅ๐
โจ Market Overview:
Gold (XAU/USD) has entered an exceptionally volatile phase, with price swings exceeding $100 per day. After dropping from 3,280 to 3,080, gold has roared back to a new all-time high at 3,200 in just two sessions โ raising the critical question: Is this a true recovery wave, or merely a bull trap ahead of a potential historic short?
A surge of capital has flooded into financial markets, aggressively buying the dip across multiple asset classes. Investor psychology is now at the forefront, driving gold into extreme territory.
๐ Fundamental Outlook:
Recent U.S. economic data came in weaker than expected, supporting the bullish momentum in gold. If history repeats itself, we could witness similar outcomes with the upcoming CPI and PPI releases โ both of which are forecast to remain soft, potentially weakening the USD and further lifting gold.
Short-term: U.S. consumer demand appears weaker, pressuring USD.
Medium-to-long term: These weak data points may be laying the groundwork for a massive short on gold once the Fed initiates its expected rate cuts โ potentially as early as June.
๐ Technical Outlook:
Goldโs price action is becoming increasingly difficult to predict. It took a full week for gold to fall $200 โ but only two days to fully reclaim that ground and establish a new ATH.
Today, the market may continue this bullish surge, particularly if the PPI data surprises to the downside.
Key Support Levels:
3,200
3,188
3,174
3,157
3,130
3,120
Key Resistance Levels:
3,265
3,302
๐งญ Trading Plan:
BUY Zone (High Probability):
Entry: 3,175 โ 3,173
Stop Loss: 3,168
Take Profit: 3,180 | 3,184 | 3,188 | 3,192 | 3,196 | 3,200 | Open
SELL Zone (Aggressive Counter-Play)
Entry: 3,301 โ 3,303
Stop Loss: 3,308
Take Profit: 3,296 | 3,292 | 3,288 | 3,284 | 3,280 | 3,270 | Open
โ ๏ธ Risk Management Advisory:
Price action is extremely volatile โ trade setups should be chosen carefully. Ensure proper stop-loss and take-profit are in place for every trade. Avoid emotional entries and respect risk-to-reward principles to protect your capital.
๐ก Conclusion:
Gold is in a critical zone. With macro sentiment, news flow, and technicals all aligned, traders must stay alert. In the short term, the FOMO-driven rally looks likely to continue โ but remain vigilant for signs of a reversal that could usher in a massive short wave.
๐จ๏ธ Share Your View:
Do you see gold continuing this bullish run โ or is this the calm before a historic dump? Share your thoughts and strategies below! ๐ฌ๐