Ombabibi

Ombabibi

Summary: Gold is currently in a range-bound phase between 3006 and 3036. Both bullish and bearish momentum appear limited for now. As long as the price remains within this zone, the strategy is to buy near support and sell near resistance. If 3037 is broken to the upside, bullish momentum may strengthen and warrant re-evaluation. Key Levels to Watch: 3057: ATH...

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Summary: Bearish momentum remains strong. Shorting near 3058 offers a favorable risk-reward ratio. If the price breaks below 3000, avoid counter-trend long positions. If the price stabilizes above 3000, reassess bullish potential before entering long trades. Key Levels to Watch: 3057: ATH resistance 3038: Resistance 3034: Key short-term resistance 3005:...

Ombabibi

Summary: The bearish momentum remains strong. For now, the optimal strategy is to short on pullbacks to resistance. If the price breaks above 3039, re-evaluate the market conditions. Key Levels to Watch: 3060-3065: Bullish target zone 3057: ATH resistance 3047: Resistance 3038: Key short-term resistance 3026: Resistance 3022: Bullish/Bearish pivot...

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The bullish momentum showed hesitation after reaching a new high of 3057.6, followed by a sharp decline. This indicates that buyers are starting to lose confidence at higher levels. Summary: Consider buying on dips only if the price stabilizes above 3022. If the price breaks below 3022, focus on short opportunities. Key Levels to Watch: 3060-3065: Bullish target...

Ombabibi

The bullish momentum continues as gold broke above 3050, reaching a new high. Follow the trend, and if trading against it, be prepared for quick entries and exits. Key Levels to Watch: 3060-3065: Bullish target zone 3056: ATH resistance 3045: Support 3030-3038: Key intraday support 3018-3024: Final bullish defense zone 3006: Bearish target zone Short-Term...

Ombabibi

Short-Term Trading Strategy: For Longs: Enter a BUY position if the price stabilizes above 3034. Watch 3038 for confirmation; if the bullish momentum continues, monitor 3040 and 3045 as potential targets. For Shorts: Be cautious when shorting at current highs. I will only consider a SELL position if the price breaks below 3030. Watch 3025 as initial support; if...

Ombabibi Updated 

Yesterday closed with a bullish candle without reaching a new high, yet bullish momentum remains strong, suggesting buyers are still attempting to push for higher levels. However, there’s noticeable bullish-bearish divergence around 3002, indicating potential hesitation. Trading Strategy: • Consider attempting a SELL near 3005 as a resistance zone. • Otherwise,...

Ombabibi

The gold price has reached a new all-time high, with strong bullish momentum. The optimal strategy is to wait for a pullback to support levels for long entries. For short positions, proceed with caution (only consider shorts near resistance levels). If attempting a short, 3005 can serve as a resistance zone for potential entries. Key Levels to Watch: 3005: ATH...

Ombabibi Updated 

We are now at all-time highs, with strong bullish momentum and no clear top in sight. Analyzing the market’s direction within this range is extremely difficult. In the absence of clear signals and conditions that align with my trading logic, I believe the best approach is to take a break — consider it an extended weekend. The gold market will always be there;...

Ombabibi Updated 

On the daily timeframe, gold has broken above the 2930 resistance of the previous consolidation range. Two days ago, a bullish engulfing pattern formed on the daily chart with 2880 acting as a solid support level, confirming its effectiveness. Bullish momentum remains strong, and today's key level to watch is the historical high of 2956.31. If gold tests this...

Ombabibi

On the daily timeframe, gold is still within a consolidation range of 2880 - 2930. Special attention should be given to when this range is broken. Yesterday’s upward movement indicates strong bullish momentum. Key Levels to Watch: 2956-2960: ATH resistance zone 2927-2930: Upper boundary of the consolidation range 2922: Key intraday resistance 2915-2917: Chip...

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From the weekly candle, the trend is still bullish. Selling gold at this moment requires caution. However, the 2955s could be a good price to consider selling, as last week saw a strong rejection preventing a higher high. Right now, I don’t have a clear trading setup for gold. I’ll let the price move during the Asian trading session and reassess for potential...

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Here are the important levels that I am watching for: 2685 - 2678 - 2675 - 2669 - 2665 If the GOLD price cannot hold above 2685, I would consider SELL. If the GOLD price break under the 2669, I would consider BUY. Opportunity: We can see that there is stronger upward momentum, making it quite risky to SELL at this moment. However, I’d like to take a...

Ombabibi Updated 

As we observed, yesterday closed with a bearish candle, and 2698 appears to be a very strong resistance level. Here’s my trading idea for today: If the gold price fails to break and hold ABOVE 2675, I would consider a SELL. If the gold price fails to break and hold BELOW 2667, I would consider a BUY. Potential Trade Opportunity: You can look for a SELL...

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There are some important data will be release on Tuesday, Wednesday, and Thursday. I would recommend not to open position before the data release. Here are some my idea for the next week: If the price of the Gold cannot break and hold over 2698, I would consider SELL. If the price of the Gold cannot break and hold under 2684, I would consider BUY. If it break and...

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Happy New Year! Hope everyone make more money in this new year!!! Todays gameplan: If the gold price holds above 2633, I would consider a BUY. Set the Stop Loss at 2630 and aim for the First Take Profit target at 2638, with the Second Take Profit target at 2643. If the gold price cannot hold above 2631, I would consider a SELL. Set the Stop Loss at 2636 and aim...

Ombabibi

Here are some important levels that I am watching for a week: 2584 - 2612 - 2639 - 2665. The potential movement of the Gold is uptrend Todays gameplan XAUUSD If the gold price holds above 2622, I would consider a BUY. Set the Stop Loss at 2620 and aim for the First Take Profit target at 2626, with the Second Take Profit target at 2630. If the gold price cannot...

Ombabibi

Here are some important levels that I am watching: 2584 - 2608 - 2622 - 2633 - 2652 - 2664. Todays gameplan OANDA:XAUUSD If the gold price holds above 2634, I would consider a BUY. Set the Stop Loss at 2626 and aim for the First Take Profit target at 2642, with the Second Take Profit target at 2652. If the gold price cannot hold above 2634, I would consider a...