
USD GOLD Futures forum

EW counts are tracking and my next target is above ATH.
We could still have one more drop, but we want price to close above that 3332.6 level and use that Jan 2025 TL as support.

..this is NOT bearish momentum
…this IS a fakeout ahead of today’s data release

…Masonic 33’s hitting futures
Im currently undecided on rather we have a legit H&S playing out or if we still have one more move down.
My first target is right below 3370, and the second target is around that 3402 level.
A rejection could take us back down towards 3330, but a break above 3370 could indicate that the H&S will play out, and price could pump above 3418.

A buy signal has been confirmed on the gold market for swing trading. At the moment, if we want to scalp, it’s better to focus only on long opportunities short positions could be too risky for now.
Big buyers are active, aggressive, and clearly pushing the price up.
As for targets, I prefer not to give fixed levels. I always monitor the market in real time to see how big buyers and sellers are reacting.
