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Gold Extends Gains – Will It Set a New ATH Before ADP Nonfarm?🌍 Market Overview: Gold continues its bullish expansion, reaching another All-Time High (ATH) as the USD weakens. The shift in Trump’s tariff policies has significantly impacted market sentiment: 🔹 Postponed tariffs on Canada & Mexico, improving investor confidence. 🔹 China’s tariff retaliation remains symbolic, having minimal real economic impact. Additionally, weak U.S. economic data further fueled gold’s rally: 📉 JOLTS Job Openings: Lower-than-expected employment data, signaling labor market weakness. 🏠 Factory Orders Decline, reflecting slowing manufacturing activity. ⚡️ 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! 📊 Today's Trading Strategy – CMF SimpleTrade 🔥 Prioritize Buying as USD weakens, and gold holds strong. ⚠️ Wait for confirmed signals to Sell, especially at key psychological & FIBO resistance levels for potential reversals. 🔵 BUY SCALP: 📍 Entry: 2830 - 2828 ❌ SL: 2825 🎯 TP: 2835 - 2840 - 2844 - 2848 - 2855 🟢 BUY ZONE: 📍 Entry: 2822 - 2820 ❌ SL: 2816 🎯 TP: 2826 - 2830 - 2834 - 2838 - 2845 - 2850 - ??? 🔴 SELL SCALP: 📍 Entry: 2879 - 2881 ❌ SL: 2885 🎯 TP: 2875 - 2870 - 2866 - 2862 - 2858 - 2852 🔻 SELL ZONE: 📍 Entry: 2893 - 2895 ❌ SL: 2898 🎯 TP: 2890 - 2886 - 2882 - 2878 - 2872 - 2865 ⚠️ Key Takeaways: The market remains highly volatile, with low liquidity, primarily driven by market maker manipulations. Be cautious of liquidity traps and emotional trading. ✅ Strictly follow TP/SL to protect your capital! 📩 Follow KevinNguyen-SimpleTrade for top-tier market insights and trading strategies! 🚀 💬 What’s Your Take on Gold? 📉 Will it keep breaking ATH or start a major correction? 👉 Comment below & Follow for real-time updates! 🚀
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
USD WEAKENS, GOLD RALLIES ON TRUMP'S INAUGURATION🌍 Market Overview: President Donald Trump’s inauguration today has drawn significant global attention. The USD continues to weaken amid concerns over new trade and fiscal policies. Gold reacted strongly, rising more than 0.3% to surpass $2,710/ounce. 🔸 Factors Driving Gold’s Rally: Weak USD: The DXY index dropped to a near two-month low, providing strong support for gold. Trump’s Policy Stance: Mixed expectations on the new fiscal and trade policies are fueling demand for safe-haven assets. Risk Sentiment: Investors are turning to gold to hedge against potential volatility during this political transition. 📊 XAUUSD Technical Analysis: Key Support Levels: $2,696 - $2,690: Serves as the nearest support zone in case of a correction. Key Resistance Levels: $2,723 - $2,725: A short-term target. $2,745 - $2,747: The next target if the bullish trend continues. $2,760 - $2,762 💡 Suggested Trading Strategy: BUY SCALP: 2712 - 2710 SL : 2706 TP : 2716 - 2720 - 2724 BUY ZONE: 2696 - 2694 SL : 2690 TP : 2700 - 2704 - 2710 - 2716 - ???? SELL SCALP: 2744 - 2746 SL : 2750 TP : 2740 - 2736 - 2730 - 2724 - ???? SELL ZONE: 2760 - 2762 SL : 2766 TP : 2755 - 2750 - 2745 - 2740 - ???? ⚠️ Reminder: Always set Take-Profit (TP) and Stop-Loss (SL) levels to protect your account and ensure safety in volatile markets. 🤔 What’s your view on gold’s movement this week? 👉 Follow me for more insights and to stay ahead of market trends with KevinNguyen-SimpleTrade! 🚀 👉 Leave a comment and follow for more updates from KevinNguyen-SimpleTrade! 🚀
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold’s Momentum: Will Trump’s Inauguration Drive XAUUSD to $2,75🌍 Market Overview The financial world is closely watching gold prices as Donald Trump prepares to take office on January 20, 2025. With gold trading above $2,700, the market anticipates fresh momentum to push prices even higher. 💡 Insight: Gold has solidified its uptrend in recent weeks, becoming a safe-haven asset amidst uncertainty. Whether XAUUSD can hit $2,750 depends on market sentiment and USD developments. 📊 Key Points to Watch This Week Trump’s Policies: His first statements will set the tone for USD. A dovish approach or heightened uncertainty could support gold. 📊 Key Technical Levels $2,723 - $2,725: The primary resistance zone that, if broken, could lead gold to test $2,748. $2,748 - $2,750: Key zone to watch for a potential breakout continuation. Support Levels: $2,694 - $2,690: The immediate support zone within the Fibonacci retracement at the 50% level. $2,679 - $2,682: A critical support zone, aligning with the Fibonacci 61.8% level, which acts as a bullish defense. $2,662 - $2,657: The 0.786 retracement level, representing deeper correction possibilities DXY (USD Index): The dollar is hovering near key support levels. A downside break could fuel gold’s rally further. Market Sentiment: During political transitions, investors often turn to gold as a safe-haven asset. This could sustain gold’s short-term uptrend. 🚀 Trading Strategy Ideas Key Drivers for Gold: Geopolitical tensions: Trump’s trade or international policies could boost gold. Fed rate expectations: USD might weaken if rate cut expectations rise. Investor sentiment: A risk-off market environment will likely drive gold higher. Scenario Planning: Bullish Case: If prices break $2,723, the next target is $2,750. Bearish Case: If DXY strengthens, gold may pull back to $2,680. 🤔 What’s Your Take? Do you think gold will surpass $2,750 this week? 👉 Comment below and follow me for more in-depth insights from CMF – Core Market Flow!
OANDA:XAUUSD
by KevinNguyen-SimpleTrade
Just the Beginning OUR CURRENT POSITION GOLD-SHORT-ENTRY-1325 TARGET-1230 STOP LOSS-1385 SILVER-SHORT-ENTRY-16.500 TARGET-14.700 STOP LOSS-17.300( It doesn’t, means that we can't close or even reverse our position in the middle,if we get enough confirmation we can close like we did 3 times previously or even reverse the position if needed) At the moment of writing this article/idea our full net short position in gold,silver and mining stocks is well justified from the measurement of risk and reward The precious metals market reversed and declined just as we had been expecting it to,and our current year's profit from our short position further increased but it seems that this is just the beginning,Today's idea will be rather short as our previous thoughts on precious metals sector is well up-to-date Gold miners moved visibly lower yesterday and it seems that this fact confirms that the pattern remains intact. The implications continue to be bearish
FX_IDC:XAUUSDShort
by NeerajPandey