Gold Break All Time High Again And Again
🌍 Market Overview: Gold Bullish Expansion
Continues bullish momentum, reaching a new All-Time High (ATH).
Driven by USD weakness and improved global sentiment.
Key Drivers:
🔹 Postponed Tariffs: Delay on tariffs for Canada & Mexico boosted investor confidence.
🔹 China's Retaliation: Symbolic tariff actions by China, with minimal real economic impact.
15-Minute Chart
• Key Observations:
o Strong bullish momentum is evident, with price repeatedly breaking previous highs.
o A key support zone is established around $2,840, reflecting strong buying interest.
o Recent bullish movement aligns with improved investor confidence due to postponed
tariffs on Canada & Mexico and symbolic Chinese tariff retaliation.
• Market Sentiment:
o Bullish sentiment is dominant, likely fueled by favorable
geopolitical and economic developments.
o Immediate resistance is near the all-time high levels;
a clear breakout could indicate further upside.
________________________________________
4-Hour Chart
🚀 Key Observations:
Technical Levels:
Resistance: Near $2,860-$2,865 (current high levels).
Support: $2,820 (middle channel boundary).
________________________________________
Conclusion:
• Overall Bias: Strongly bullish in both short and medium time frames.
• Trading Strategy:
o 🔵For buyers: Consider entries on pullbacks toward $2,840-$2,845 (support zone).
o For breakout traders: A clear break above $2,865 with strong volume may
present an opportunity to ride the trend.
o For risk management: Place stop-loss below $2,820,
as a breach could indicate a potential reversal.
⚡️The Result?
👉Gold continues to break records, hitting 2848 - 2850 this morning, a key Fibonacci
Extension (FE) resistance zone. However, selling pressure remains weak, and price
action still favors bulls. NO FOMO SELL at this level!
👉 Always follow TP/SL to protect your capital and maximize profits!
Stay tuned for updates once the confirmations are in place!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
📢Best Regards , Silver Wolf Traders Community
Disclaimer: This is for educational purposes only.
Always trade responsibly and manage your risk effectively
Continues bullish momentum, reaching a new All-Time High (ATH).
Driven by USD weakness and improved global sentiment.
Key Drivers:
🔹 Postponed Tariffs: Delay on tariffs for Canada & Mexico boosted investor confidence.
🔹 China's Retaliation: Symbolic tariff actions by China, with minimal real economic impact.
15-Minute Chart
• Key Observations:
o Strong bullish momentum is evident, with price repeatedly breaking previous highs.
o A key support zone is established around $2,840, reflecting strong buying interest.
o Recent bullish movement aligns with improved investor confidence due to postponed
tariffs on Canada & Mexico and symbolic Chinese tariff retaliation.
• Market Sentiment:
o Bullish sentiment is dominant, likely fueled by favorable
geopolitical and economic developments.
o Immediate resistance is near the all-time high levels;
a clear breakout could indicate further upside.
________________________________________
4-Hour Chart
🚀 Key Observations:
- Price is trading within an upward parallel channel, confirming a consistent bullish trend.
- A breakout and successful retest of the upper boundary of the channel signals potential continuation of the bullish move.
- The price has established higher highs and higher lows, indicating a strong uptrend.
Technical Levels:
Resistance: Near $2,860-$2,865 (current high levels).
Support: $2,820 (middle channel boundary).
________________________________________
Conclusion:
• Overall Bias: Strongly bullish in both short and medium time frames.
• Trading Strategy:
o 🔵For buyers: Consider entries on pullbacks toward $2,840-$2,845 (support zone).
o For breakout traders: A clear break above $2,865 with strong volume may
present an opportunity to ride the trend.
o For risk management: Place stop-loss below $2,820,
as a breach could indicate a potential reversal.
⚡️The Result?
👉Gold continues to break records, hitting 2848 - 2850 this morning, a key Fibonacci
Extension (FE) resistance zone. However, selling pressure remains weak, and price
action still favors bulls. NO FOMO SELL at this level!
👉 Always follow TP/SL to protect your capital and maximize profits!
Stay tuned for updates once the confirmations are in place!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
📢Best Regards , Silver Wolf Traders Community
Disclaimer: This is for educational purposes only.
Always trade responsibly and manage your risk effectively
Note
📈 What’s Next for Gold?
💡 Shorting Gold Right Now is Dangerous!
The FOMO effect is in full swing, and the technical structure remains bullish. Even traditional indicators like Elliott Wave, Fib Extensions, and RSI overbought levels are being ignored as price surges past resistance levels with ease.
Is there a correction ahead? Of course, markets never move in a straight line. However, until we see a true breakdown in structure, every dip remains a buying opportunity.
💰 How to Trade This Market
🔹 Manage Your Risk – Extreme volatility means trading without stop-losses is reckless.
🔹 Follow the Momentum – Don’t fight the trend. Gold is moving higher for a reason.
🔹 Stay Updated – The macroeconomic landscape is shifting fast. Follow along to stay ahead!
💬 What’s Your Prediction?
👉 Will gold smash through $3,000 in the coming weeks, or are we in for a sharp correction? Drop your thoughts in the comments!
💛 Follow for daily insights & real-time trade strategies! 🚀
Note
2859.8 and 2767.8 both target done.
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