GOLD: Will a Pullback Follow This Rally?

3 days ago

📊 Technical Analysis Recap:
Following yesterday’s analysis, our market outlook remains on point, delivering a 100-pip profit from our BUY signal. While there have been minor pullbacks, they’ve not been significant enough to break the market’s bullish structure. Our weekly plan has aligned perfectly with the arrows plotted on the chart.

🔍 Key Market Insights for Today:
The higher timeframe remains bullish, with GOLD nearing critical resistance levels that may signal a potential strong pullback as the week closes.
GOLD continues to trade within an ascending channel, with additional BUY opportunities marked on the chart (dashed lines).
⚡️ Key News Events:
Today features the release of Flash Manufacturing PMI and Flash Services PMI data. While not major drivers, being the final trading day of the week, these events could trigger 30-35 points of volatility.

Keep an eye on potential spikes toward upper resistance levels, which could set the stage for a significant pullback. For now, we continue to focus on the bullish trend, with updates to come during the European and U.S. sessions.

📈 Key Resistance Levels:
🟥 2774 - 2782 - 2788
📉 Key Support Levels:
🟩 2754 - 2745 - 2736 - 2724

🎯 Suggested Trading Strategies:

🟢 BUY SCALP:
Entry: 2745 - 2743
SL: 2739
TP: 2748 - 2751 - 2755 - 2760

🟢 BUY ZONE:
Entry: 2738 - 2736
SL: 2732
TP: 2742 - 2746 - 2750 - 2755 - 2760

🔴 SELL SCALP:
Entry: 2774 - 2776
SL: 2780
TP: 2770 - 2766 - 2762 - 2758 - 2752

🔴 SELL ZONE:
Entry: 2788 - 2790
SL: 2795
TP: 2785 - 2782 - 2778 - 2772 - 2766 - 2760

⚠️ Important Notes:
📌 Trade Carefully: Volatility may spike during the week’s closing sessions.
📌 Watch for Reversals: Look for signs of significant corrections near key resistance levels.

👉 Stay tuned for real-time updates during the European and U.S. sessions!
💬 Share your thoughts in the comments!
📢 Follow KevinNguyen-SimpleTrade for daily insights, actionable strategies, and precise trade setups. Let’s conquer the market together! 🚀

3 days ago

Trade active

🎯 50 Pips Secured – A Gift from Today’s Sell Scalping Plan!
💥 Trade Highlight:
The Sell Scalping Plan at 2774 - 2776 has already delivered 50 pips profit during the Asian session. A perfect start to the day and a great early reward for those following the analysis!

🔍 Why it matters:

This success demonstrates the effectiveness of sticking to a clear, well-structured trading plan.
By staying disciplined and following the strategy, we’ve locked in solid profits early in the session.
🚀 What’s next?

The day is just beginning, and there’s more to come!
Keep following the plan and stay updated for the best trading opportunities.
📢 Join us now!
For more accurate analysis and high-performance trading strategies, follow me on KevinNguyen-SimpleTrade and connect with our Telegram channel for real-time updates! 🚀

👉 Let’s conquer the market together!

3 days ago

Trade closed: target reached

📉 SWAP CHARGE Shift Indicates Potential Bearish Cycle for Gold
🔄 Swap Charges Shifting:
The SWAP CHARGE of many trading brokers is now shifting from buying to selling, signaling that selling volume is currently dominating the market.

📊 Key Observations:

After multiple key resistances on the D1 timeframe were respected, prices have started pointing towards liquidity voids below $2,580.
Historically, when swap charges shift from one side to the other, it often signals that the dominant side will control the market for an extended period.
📈 Market Implication:

This data suggests that more than 70% probability points to gold having peaked.
A strong bearish cycle could be imminent as selling pressure builds up.
📍 Key Chart Analysis:


⚠️ Key Takeaways:
💡 Historical Perspective: The swap charge shift typically predicts a dominant trend in favor of the charged side.
🔎 Focus Zones: Watch for potential breakdowns below $2,580 and follow market dynamics closely.