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Xauusdanalysis

Short-term strategy before the Fed's interest rate decisionGold continued to rise yesterday, up more than 1%. This is the power of the trend. Don't guess whether it has reached the top. This is not in line with market logic, because there is no turning signal. The risk of guessing that it has reached the top is relatively high. Of course, the market is always relative. It is impossible to keep rising. It is necessary to prevent the risk of large adjustments! Yesterday, the highest impact of the US market was 3038. There may be room for a short-term rise, but you must pay attention to the future. Going long is also a short-term profit exit. The daily and weekly lines are in an overbought divergence state. The price deviates far from the short-term moving average, and the risk of stepping back is getting bigger and bigger. Be bullish but not blind, and don't chase more. The short-term has risen three times, and the possibility of a pullback needs to be prevented later! Pay attention to the news of the Fed's interest rate decision. There was not much risk in going long before this. It should be a strong form. Gold continued to set new highs in 1 hour, but it is obviously not appropriate to enter at a high level now. It is better to wait patiently for a decline and continue to buy. Gold focuses on the support near the starting point of 3015 and continues to go long. The market is changing rapidly. Since the gold bulls continue to be strong, gold will continue to trade with the trend. Key points: First support: 3023, second support: 3016, third support: 3002 First resistance: 3039, second resistance: 3048, third resistance: 3056 Operation ideas: Buy: 3013-3015, SL: 3004, TP: 3035-3045; Sell: 3048-3050, SL: 3059, TP: 3020-3010; For more daily analysis, click on my avatar to view
TVC:GOLDLong
by Jun-GoldAnalyst
Gold (XAU/USD) Trade Setup – Bullish Momentum Ahead?Gold Spot (XAU/USD) 1H Chart Analysis 🔹 Entry Point: 3,026.90 🔵 🔹 Stop Loss: 3,019.58 - 3,019.07 ❌ (Risk Zone) 🔹 Take Profit Levels: TP1: 3,034.64 🎯 TP2: 3,041.72 🚀 Final Target: 3,053.04 🏆 📈 Trend Analysis: 🔸 The market has been in a strong uptrend 📈 before pulling back to the entry zone. 🔸 The trade setup suggests a buy (long) position, aiming for higher levels. 🔸 If momentum continues, price may reach TP1 → TP2 → Final Target. ⚠️ Risk-Reward Ratio: ✅ Potential Reward: ~27 points 🏅 ❌ Risk: ~7-8 points 🚨 💰 Risk-to-Reward Ratio: 1:3 (Favorable setup) 🔻 Risk Factor: If price drops below 3,019.58, the trade will hit stop loss and may indicate a trend reversal 🔄. 📢 Conclusion: Bullish trade setup looking promising if price holds above the entry point and moves towards TP targets! 🚀🔥
FX:XAUUSDLong
by Jameshead007
Gold (XAU/USD) Trade Setup – Bullish Breakout AnalysisGold Spot (XAU/USD) 1-Hour Chart Analysis 🔹 Entry Point: $3,014.47 - $3,017.24 ✨ 🔹 Stop Loss: $3,005.86 ❌ 🔹 Take Profit Levels: ✅ TP1: $3,020.67 📈 ✅ TP2: $3,027.23 🚀 ✅ Final Target: Above $3,036 🎯 📉 Trend Analysis 🔸 Strong Bullish Momentum 📊🔥 🔸 Price Breakout from Consolidation 📢✅ 🔸 Higher Highs Formation ⬆️📈 ⚖️ Risk-Reward Ratio ✔️ Low Risk: Tight Stop Loss 📉🚨 ✔️ High Reward Potential: Profit targets significantly higher 📊💰 ✔️ Favorable Risk-to-Reward Setup ⚖️🔄 🚀 Trading Plan 🟢 Bullish Scenario: ✔️ If price holds above $3,014.47, it could hit TP1 & TP2 🎯🚀 🔴 Bearish Scenario: ❌ If price drops below $3,005.86, stop-loss triggers & trade is invalidated ⚠️📉 💡 Conclusion: This setup suggests a long (buy) trade with a strong bullish bias 📊💎. A breakout above $3,017 could push the price towards higher profit levels 🚀💰.
FX:XAUUSDLong
by Jameshead007
XAU/USD | 4H | Elliott wave | Long for 3030-3070Gold is wave iv of wave (iii) of wave 5 as shown in chart. Current wave 4 can be completed anywhere near 2980- 2955 Zone. 2955 if seen would be golden entry, but i am expecting reversal ( start of wave 5 ) before that due to highly bullish momentum. Wait for reversal confirmation. Sl would be low of wave 4 and target would 3030. High probability trade. A perfect execution can be very rewarding. Look for MaCD, RSI and candle sticks patterns for reversal confirmation. After 3030 wave (iv) of 5 may again take us to the low levels of wave iv of (iii) i.e., 2980-2955 zone before going to 3070+ levels.
TVC:GOLDLong
by IMStockwala
GOLD AWAITS FED DECISION – WILL $3,050 BE THE NEXT TARGET?📌 Market Outlook Gold is holding steady above the $3,000 level as investors remain cautious ahead of the March 19 FOMC meeting. The Federal Reserve is expected to keep interest rates unchanged, with increasing speculation about a potential rate cut in June. Despite last week’s price surge, gold’s short-term direction hinges on how the Fed’s economic outlook unfolds. If policymakers signal a dovish stance, we could see new highs beyond $3,050. However, any signs of persistent inflation may trigger a short-term pullback. 📊 Key Technical Analysis 🔹 Support Levels (Buy Zones) $3,000 – The psychological level where buyers are active. $2,985 - $2,975 – Strong liquidity zone, likely to provide support. $2,945 - $2,950 – If tested, this could be a major reaccumulation area. 🔺 Resistance Levels (Breakout Targets) $3,034 - $3,050 – Key resistance, breaking above could open the door for further upside. Above $3,050, momentum could accelerate toward $3,080 - $3,100. 🎯 Trading Strategy for Today 🟢 BUY ZONE: 2986 - 2984 📍 SL: 2980 🎯 TP: 2990 - 2994 - 3000 - 3005 - 3010 🔴 SELL ZONE: 3033 - 3035 📍 SL: 3039 🎯 TP: 3028 - 3024 - 3020 - 3015 - 3010 ⚠ Market Sentiment & Risk Management Gold is currently trading in an ascending channel with high volatility expected before the Fed’s decision. Traders should prepare for false breakouts and possible profit-taking moves around key levels. Stick to strict TP/SL strategies to mitigate risks! 📢 What’s your outlook for gold? Will we break above $3,050 or see a dip first? Let’s discuss! 🚀🔥
OANDA:XAUUSDLong
by MMFlowTrading
1
XAUUSD 4H BUY PROJECTION – March 18, 2025This chart presents a bullish projection for Gold (XAU/USD) on the 4-hour timeframe, indicating a potential buying opportunity based on trend analysis and key levels of support and resistance. Key Components of the Analysis: Uptrend Confirmation: The price is moving within an ascending channel marked by two parallel blue lines. The 4H parallel trendline suggests a continuation of bullish momentum. Possible Buy Zone: The chart highlights a potential buying area around the trendline, where price may pull back before resuming the uptrend. Support & Resistance Levels: Support S1: Around $3,015, where buyers might step in. Resistance R1: Around $3,030, which could act as the first hurdle for price movement. Resistance R2: Near $3,053, serving as a major target for bullish movement. Target Prices: Target Price 1: Around $3,030 (first take-profit level). Target Price 2: Around $3,053 (second take-profit level). Stop Loss: Set at approximately $2,997, below key support, to limit downside risk. Market Structure & Price Action: The chart indicates higher highs and higher lows, confirming an uptrend. A possible W pattern (double bottom) suggests a strong bullish breakout. Trading Plan Summary: Buy Entry: Around the support/trendline zone. Take Profit Levels: First at $3,030, second at $3,053. Stop Loss: Below $2,997 to manage risk.
OANDA:XAUUSDLong
by kripsonfx97
GOLD HOLDS ABOVE $3,000 – BIG MOVE AHEAD?📌 Market Overview Gold remains stable above the $3,000 mark as traders await the March 19 FOMC meeting. The Federal Reserve is expected to keep interest rates unchanged, but speculation about a rate cut in June 2025 continues. Amid global economic uncertainty, gold maintains its position as a safe-haven asset, benefiting from a low-interest-rate environment. 🔹 Key Fundamental Factors 1️⃣ Fed’s Economic Projections The upcoming forecasts will provide insights into how policymakers assess Trump’s fiscal policies. A dovish Fed stance could push gold to new highs. 2️⃣ Safe-Haven Demand for Gold Low interest rates increase gold’s attractiveness as a non-yielding asset. Geopolitical tensions continue to support gold’s long-term bullish outlook. 3️⃣ Interest Rate & Inflation Impact Traders anticipate a rate cut by June, fueling gold’s rally. However, if inflation remains strong, the Fed may delay cuts, causing short-term pullbacks in gold. 📊 Technical Analysis – Key Levels to Watch 🔺 Resistance (Upside Targets) $3,034 - $3,050: If gold holds above $3,000, a test of this zone is likely. Breakout Alert: A move past $3,050 could trigger stronger bullish momentum. 🔻 Support (Pullback Zones) $3,000: A critical psychological level. $2,985 - $2,975: A potential dip zone where buyers might step in. $2,945 - $2,950: Strong long-term support—breaking below could indicate a shift in trend. 🎯 Trading Plan 🟢 BUY ZONE: 2986 - 2984 📍 SL: 2980 🎯 TP: 2990 - 2994 - 3000 - 3005 - 3010 🔴 SELL ZONE: 3033 - 3035 📍 SL: 3039 🎯 TP: 3028 - 3024 - 3020 - 3015 - 3010 ⚠ Market Caution! Gold is consolidating above $3,000, but volatility is expected ahead of the Fed meeting. Watch for potential breakouts or pullbacks—stick to risk management strategies! 📢 Will gold maintain momentum above $3,000, or is a correction coming? Share your thoughts below! 🚀🔥
OANDA:XAUUSDLong
by MMFlowTrading
Gold (XAU/USD) 1H Chart Analysis: Bullish Continuation Towards $This chart represents the XAU/USD (Gold vs. US Dollar) on a 1-hour timeframe, and it includes key technical levels and projections. Here’s an analysis of what it suggests: Key Observations: Current Price: $2,983.43 📍 H1 Support Zone: Marked in purple, showing a key short-term support level where buyers may step in. Previous All-Time High (ATH): The black horizontal line below the support level indicates a former record high, which now acts as a psychological support level. Target Levels: First target: $2,998.65 (Blue line) Final target: $3,020.97 (Higher blue line) 📈 Potential Price Action: If price holds the H1 support, there is a bullish setup, targeting $2,998 first and then $3,020 if momentum continues. 🚀 If support breaks, price could retest the previous ATH before bouncing back or moving lower. Market Sentiment: The overall trend is strongly bullish, indicated by the sharp breakout seen around March 14-15. A small consolidation is happening, likely forming a base for the next move up. Conclusion: Bullish bias remains intact as long as price stays above the H1 support zone. A break above $2,998 could accelerate movement toward $3,020. Watch out for any breakdown below previous ATH, as it may indicate a short-term reversal.
FX:XAUUSD
by Jameshead007
Is it time to flee or enter gold?This week, the market focus is on the Fed's interest rate decision and the tension in Yemen in the Middle East. Gold prices rose to a new record high as the uncertainty of tariffs and bets on the Fed's loosening of monetary policy keep gold prices attractive. Central bank gold purchases and trade uncertainty are the main driving forces behind the rise in gold prices; investment institutions are accelerating the transfer of large quantities of physical gold bars to New York vaults to avoid possible tariffs and take advantage of the price difference between London and New York gold prices for arbitrage. After the sharp rise, gold entered a shock consolidation, which is also a common trend in this round of upward trend. Although the decline at the end of last Friday was not very strong, the upward trend cannot be easily reversed by a single decline, and greater strength and time are needed. Although the technical side still maintains the structural operation of the upward trend, we need to consider the historical high price of gold, and it is not easy to chase the rise at a high level. The trading idea at the beginning of the week is to wait for a pullback to buy at a low level, and then sell short-term near the previous historical high or another historical high! Key points: First support: 2980, second support: 2972, third support: 2963 First resistance: 3005, second resistance: 3013, third resistance: 3026 Operation ideas: Buy: 2980-2983, SL: 2972, TP: 3000-3010; Sell: 3005-3008, SL: 3016, TP: 2990-2980;
OANDA:XAUUSDLong
by Jun-GoldAnalyst
GOLD IN A WAIT-AND-SEE MODE – IS A BIG BREAKOUT COMING?📌 Market Overview Gold is showing weak momentum at the start of the new trading week after a sharp decline from last week's high. This suggests that investors are still waiting for clearer signals before committing to a direction within the current price channel. This week, market participants will closely watch the Federal Reserve’s FOMC meeting, where key decisions regarding interest rate policies will be made based on last week’s inflation reports. Meanwhile, geopolitical tensions are rising after Trump’s recent airstrikes on Iran-backed Houthi forces. However, despite this significant event, gold has yet to show a strong bullish reaction. This raises the need for further confirmation before defining the next major trend. 📊 Key Levels to Watch 🔹 Support Levels: 2982 - 2976 - 2966 - 2948 🔹 Resistance Levels: 2994 - 3004 - 3015 - 3034 🎯 Trade Setups for Today 🟢 BUY ZONE: 2975 - 2973 📍 SL: 2970 🎯 TP: 2980 - 2984 - 2988 - 2992 - 2998 🔴 SELL ZONE: 3033 - 3035 📍 SL: 3038 🎯 TP: 3030 - 3025 - 3020 - 3016 - 3010 ⚠ Caution Ahead! Possible Breakout Incoming! Gold has been trading within a narrow range since last week, and a strong breakout is highly likely during the late Asian or early European session. Traders should be prepared for high volatility and ensure proper risk management. Stick to TP/SL levels to protect your capital! 📢 What’s your outlook on Gold this week? Will it break higher or continue its correction? Drop your thoughts below! 🚀🔥
OANDA:XAUUSD
by MMFlowTrading
GOLD (XAU/USD) Weekly Analysis – Correction or Breakout Ahead?Last week, gold (XAU/USD) hit a new all-time high (ATH) at 3005, but a sharp correction followed, bringing prices down to the 2980 - 2985 zone. This volatility suggests that the market is seeking equilibrium before determining the next move. For the upcoming week, all eyes are on key economic data from the U.S., particularly the Federal Reserve's monetary policy and inflation indicators. These factors will directly impact the USD and gold’s direction. 📉 Gold Market Outlook After a strong rally, gold is now in a corrective phase, absorbing liquidity before a potential continuation. Based on the technical chart: The FVG (Fair Value Gap) formation suggests that gold might revisit lower levels to fill liquidity before resuming its trend. The overall trend remains bullish, but key support levels need to hold for continued upside movement. The market awaits signals from the Fed and U.S. economic data to determine the next major move. 🔥 Key Factors to Watch This Week 1️⃣ Federal Reserve Policy – Will Rates Remain High? The Fed has maintained a hawkish stance, but if upcoming economic data show signs of weakness, expectations of rate cuts or easing policies could support gold. 👉 Scenario 1: If the Fed remains committed to tight monetary policy, gold could face more selling pressure and test deeper support levels. 👉 Scenario 2: If the Fed signals a more dovish stance, the USD could weaken, boosting gold prices. 2️⃣ U.S. Inflation & Economic Data – The Game Changer Key reports like CPI and PPI will be the driving force behind market movements. If inflation slows down, expectations of a Fed rate cut will rise, pushing gold higher. 👉 Higher-than-expected CPI: The Fed may keep rates high → Stronger USD → Gold under pressure. 👉 Lower-than-expected CPI: Expectations for easing policies increase → Weaker USD → Gold rebounds. 📌 Key Support & Resistance Levels for GOLD 🔹 Major Resistance Levels: 3014 - 3034: A crucial zone where previous selling pressure emerged. 3050: A breakout above this level could open the door for further upside movement. 🔹 Major Support Levels: 2942 - 2915: The FVG zone, where liquidity might be filled before a potential rebound. 2885: A breakdown below this level could trigger a deeper correction. 🎯 Conclusion Primary Trend: Gold remains in a long-term uptrend, but a short-term correction is possible before resuming the bullish move. Market Catalyst: The direction of gold this week will be dictated by the Fed’s stance and U.S. inflation data. Key Levels to Watch: 2915 - 2942 as critical support zones, while 3014 - 3050 will act as major resistance. 🔥 This week, closely watch gold’s reaction at key support and resistance levels to assess its next move! 🚀
OANDA:XAUUSDShort
by MMFlowTrading
GOLD HITS NEW ATH – IS $3,000 JUST THE BEGINNING?📌 Market Overview Gold has soared to a new all-time high (ATH) following the latest inflation reports (CPI & PPI), confirming the market’s strong bullish sentiment. As expected, weak US economic data caused DXY to plunge to its lowest levels, further fueling gold’s upward momentum. Everything is aligning in favor of gold’s rally – up, up, up! 🚀 👉 Why is gold skyrocketing? Investors are rushing to buy gold at record-high prices due to economic and political instability. Former President Donald Trump’s policies are shaking market confidence, making gold the go-to safe-haven asset. Until USD shows signs of a strong recovery, gold will remain the priority investment. 📊 Will Gold Break Beyond $3,000? 🔹 Short-term bullish outlook: Asian & European sessions are expected to favor buying, as investors continue to pile into gold. In the US session, profit-taking may trigger sharp pullbacks, especially as early buyers cash out at higher levels. Being a Friday, the market could see large liquidations and volatility spikes. 📉 Key Technical Levels to Watch 🔺 Major Resistance: $3,000 - $3,019 - $3,039 - $3,052 🔻 Major Support: $2,978 - $2,967 - $2,942 - $2,918 🎯 Trading Plan for Today 🔴 SELL ZONE: $3,039 - $3,041 📍 SL: $3,045 🎯 TP: $3,035 - $3,030 - $3,025 - $3,020 - $3,015 - $3,010 - ??? 🟢 BUY SCALP: $2,968 - $2,966 📍 SL: $2,962 🎯 TP: $2,972 - $2,976 - $2,980 - $2,985 - $2,990 - $3,000 🟢 BUY ZONE: $2,948 - $2,946 📍 SL: $2,942 🎯 TP: $2,952 - $2,956 - $2,960 - $2,965 - $2,970 - $2,980 - $3,000 - ??? ⚡️ Final Thoughts – Caution Ahead! 📌 Despite the strong uptrend, today is Friday, and profit-taking could trigger sudden drops. 📌 Stick to TP/SL strategies to protect capital and avoid getting caught in sharp pullbacks. 📌 Watch for potential liquidations in the US session – big moves are possible! 💬 Do you think gold will push beyond $3,000, or are we in for a sharp correction? Drop your thoughts below! 🚀🔥
OANDA:XAUUSDLong
by MMFlowTrading
Gold waiting to be bought or stopped tradingOn Thursday, gold in the US market rushed upward. The price broke through the high point of 2956 and accelerated to rise. The current highest point is 2990. This position is 100% of the previous round of rise and expansion. It belongs to the resistance area. Pay attention to whether it can suppress the bulls. The amplitude after breaking the high is larger than expected! After gold broke through the previous high of 2956 yesterday, the gold bulls were strong, and it was no longer the same volatile market as before. The gold bulls began to exert their strength! In the short term, the current increase has been more than 50 US dollars. It is obviously very risky to chase more. Shorting is also against the trend. The trend belongs to the bulls. The gold 1-hour moving average continues to cross upward and the bulls are arranged and diverge. The gold bulls are in high spirits. Gold is likely to set a new record high again and go to the 3000 line. Then there is an obvious trend change. The only way is to follow the trend and go long. Going with the trend is light and fluttering, and going against the trend is messy. Key points: First support: 2972, second support: 2963, third support: 2956 First resistance: 2998, second resistance: 3008, third resistance: 3018 Operation ideas: Buy: 2970-2973, SL: 2962, TP: 2990-3000;
TVC:GOLDLong
by Jun-GoldAnalyst
1
IS GOLD HEADING FOR A NEW ALL-TIME HIGH? USD LOSING GROUND!📌 Market Overview For the past three months, the US Dollar (USD) has been consistently weakening, signaling a significant shift in the financial markets. With the latest CPI report showing weaker-than-expected figures, USD remains under pressure in the short term. However, long-term indicators suggest a potential recovery, implying short-term weakness but long-term strength for the dollar. Meanwhile, GOLD continues to benefit from this USD downturn, both fundamentally and technically. As previously highlighted, our bullish bias remains intact, and we will continue to look for early buy opportunities at key support zones while monitoring the next resistance levels at all-time highs (ATH). 📊 CPI Impact on USD & GOLD – What’s Next? 🔹 USD’s Short-Term Weakness vs. Long-Term Resilience The weaker-than-expected CPI figures have put immediate downside pressure on the USD. However, in the long run, this could signal a bottoming phase for the dollar, setting the stage for future strength. For now, USD weakness supports GOLD's bullish momentum, allowing for further upside potential. 🔸 GOLD’s Continued Strength – Aiming for New Highs? With weaker USD and a risk-off sentiment, GOLD remains a preferred asset for investors. Our strategy stays focused on buying dips, particularly around key support zones. The upcoming PPI report (Producer Price Index) will be another crucial factor influencing inflation expectations and USD movement. 📉 Key Technical Levels for GOLD 🔹 Major Resistance Levels: 2,945 - 2,956 - 2,972 - 2,988 🔻 Major Support Levels: 2,931 - 2,922 - 2,914 - 2,906 - 2,898 🎯 Trading Plan for Today 🟢 BUY ZONE: 2,922 - 2,920 📍 SL: 2,916 🎯 TP: 2,926 - 2,930 - 2,935 - 2,940 - 2,950 🔴 SELL ZONE: 2,955 - 2,957 📍 SL: 2,961 🎯 TP: 2,950 - 2,946 - 2,942 - 2,938 - 2,930 ⚡ PPI Data Tonight – Another Market Mover! 📌 Tonight, the PPI (Producer Price Index) report will be released, measuring inflation at the production level. 📌 A weak PPI print could add short-term bearish pressure on USD, further supporting GOLD’s bullish bias. 📌 However, in the long run, stable inflation could provide support for USD, reinforcing its recovery trend. 📢 Traders, be prepared for increased volatility! Stick to TP/SL levels to protect your capital. 🚀🔥 💬 What’s your view? Do you think GOLD will hit new ATH levels, or will USD start its recovery soon? Let’s discuss in the comments!
OANDA:XAUUSDLong
by MMFlowTrading
1
XAU#23: Gold Continues SW – Waiting for a Boost from CPI News?🔥 Immediately after the decline FOREXCOM:XAUUSD , there was a recovery with a large amplitude. Looking at the price reaction, we will plan the next step OANDA:XAUUSD : 🔥 1️⃣ **Fundamental analysis:** 📊Gold rises on tariff concerns, but is under pressure from the Ukraine-Russia ceasefire agreement 🔹Gold prices rise on a weaker USD and increased demand for safe-haven, as concerns about a US economic recession become more evident. 🚀The US market faces risks from Trump's tax policy, Fed interest rates and slowing growth of large technology companies. Weak CPI & PPI data could prompt the Fed to ease policy, creating conditions for gold prices to continue to be supported. 📌 In recent days, trade wars and geopolitics have continuously coordinated the price of gold. Continuous declarations of tax imposition, response and withdrawal have caused the price to fluctuate strongly. 2️⃣ **Technical analysis:** 🔹 **Frame D**: The bullish price structure has not changed. Yesterday's price increase brought momentum to the prospect of gold's increase. However, to break out of the SW zone, we will need strong enough momentum from both news and price structure. 🔹 **Frame H4**: The downtrend has been confirmed when the price reacted strongly in the resistance zone. The price continues to be in the old SW zone. We will have to wait for confirmation from the price structure in this area to predict the trend and wait for the opportunity to establish a position. 🔹 **Frame H1**: The bearish price structure has been established and yesterday was a recovery to the resistance zone. It is too early to say that the price will break through the SW area. 3️⃣ **Trading plan:* ⛔ At the current price range, the price line is likely to SW waiting for today's CPI news. If we have not established a position, we should not FOMO at this time. Because the information given at this time can change at any time and the price line has not been clearly confirmed. ✅ An ideal scenario when the price has a correction to retest the H4 trendline. The upward momentum will be clearer when the price bounces from support. However, yesterday's price increase has not ended yet, so we should wait for the price structure to appear more clearly to place an order. 💪 **Wishing you successful trading!**
ICMARKETS:XAUUSD
by TonyL0ng
GOLD - CONSOLIDATING AT HIGHER LEVELS - MORE UPSIDE AHEAD?Symbol - XAUUSD CMP - 2913 Gold continues to strengthen amidst escalating economic uncertainties and the aggressive sell-off in the US dollar. The metal is currently encountering resistance at the 2921 level and appears poised for further upward movement. The US dollar has broken its bullish structure following comments from the US Department of the Treasury regarding potential interest rate reductions. This verbal intervention, perceived by some as market manipulation, has had a pronounced impact on the markets. Given the risks associated with trade tensions and expectations of a dovish Federal Reserve policy, further declines in gold appear unlikely. Additionally, weaker-than-expected ADP employment data and PMI figures could provide further upward momentum for gold. Gold is currently testing two critical liquidity zones: 2913 and 2903. The nearest of these zones has already been tested, and attention is now on the 2921 level. If this level holds, gold may retrace back to the 2913-2903 support range. However, if this resistance is breached, it could set the stage for a stronger upward momentum. Resistance levels: 2921, 2942, 2954 Support levels: 2913, 2903 Currently, gold is testing 2913, with a rebound forming as liquidity is absorbed. In the short term, the focus is on the 2921 level. A break above this level and a sustained price above it would likely trigger a continuation of the upward movement toward the 2942-2954 range.
OANDA:XAUUSDLong
by akshit_official
4
Gold Breaks Out! Is This the Start of a Massive Rally?🚀 Gold Breaks Out! Is This the Start of a Massive Rally? 🔥 🌟 Gold Rises 1% as USD Weakens Amid Recession Fears 💰 Market Overview Gold remains well-supported as market uncertainties continue to fuel demand for safe-haven assets. However, any positive developments in negotiations between Russia and Ukraine could reduce risk premiums. 🌍 Trade policies imposed by former U.S. President Donald Trump on key trading partners had previously caused significant volatility in global markets, raising concerns about economic growth. 📊 Key Economic Events All eyes are now on the upcoming U.S. inflation reports, with the CPI (Consumer Price Index) and PPI (Producer Price Index) scheduled for release on March 12 and 13, respectively. According to a Reuters poll, the U.S. CPI for February is expected to increase by 0.3%. ⚠️ With these economic data releases ahead, investors need to stay alert, as this week’s fundamental news could significantly impact gold’s movement. From a technical perspective, gold seems well-supported at key levels, indicating potential strength in the market. 📈 Technical Outlook & Trade Setup ✅ Gold has broken out of a parallel downward channel with a strong breakout around $2898 - $2900, forming a continuation pattern (CP) and surging 15 - 20 prices afterward. 📌 Yesterday’s break of the bearish structure and the subsequent rally suggest that gold still has strong buying momentum, backed by fundamentals favoring USD and gold. 📊 Key Levels to Watch: 📍 Major Resistance Levels: $2927 - $2944 - $2954 📍 Major Support Levels: $2899 - $2884 - $2873 📌 Trading Zones 🟢 BUY ZONE: $2884 - $2882 🔹 Stop Loss (SL): $2878 🎯 Take Profit (TP): $2888 - $2892 - $2896 - $2900 - $2906 - $2910 🔴 SELL ZONE: $2943 - $2945 🔹 Stop Loss (SL): $2949 🎯 Take Profit (TP): $2940 - $2936 - $2932 - $2928 - $2922 📢 Final Thoughts 🕵️‍♂️ Tonight, we have a crucial CPI release that could shape gold’s trend for the week. Currently, gold is moving unpredictably in lower timeframes, sweeping both highs and lows as the market transitions from Spring-Winter to Summer-Fall phases. 📌 Traders should be cautious and wait for a clearer trend before making aggressive moves. Stick to your TP/SL levels to protect your capital. GOOD LUCK & TRADE SAFE! 🚀
OANDA:XAUUSDLong
by MMFlowTrading
GOLD STUCK IN A RUT - A MAJOR CORRECTION LIKELY? POSITIONAL VIEWSymbol - XAUUSD CMP - 2907 Gold is currently consolidating and trading sideways within a defined support zone of 2892 and resistance at 2921. The metal is showing no signs of further growth as it remains stuck within this range. While there has been an aggressive sell-off in the US dollar, a typical scenario that would support gold, the precious metal has failed to show any upward momentum, suggesting a lack of bullish sentiment in the market. From a technical perspective, the larger time frames indicate strong resistance levels at 2921, 2942 and 2954. These levels are acting as significant barriers to any substantial upward movement, and it appears that gold is attempting to make lower lows in its price action - A bearish indication in the current trend. This behavior supports the notion that the market may be gearing up for further downward pressure. Furthermore, there is an expectation of a rebound in the US dollar from its current level around 104. Such a rebound would exert additional downward pressure on gold, reinforcing the ongoing bearish structure. Market participants are also anticipating the upcoming NFP (Non-Farm Payroll) data release, which could have a significant impact on the trajectory of the dollar, gold and, by extension, Fed policy. Should the data point toward a stronger labor market, it could trigger a rally in the dollar, further dampening gold's potential upside. Despite the weaker dollar and expectations of potential Fed policy easing, gold has struggled to capitalize on these factors, likely due to the pause in Trump's tariff measures. The absence of significant external catalysts for growth means gold remains largely range-bound. If the bearish structure continues, a larger correction toward the 2800 levels could be on the horizon positionally. However, if gold manages to break through the resistance zone at 2921 and move upward due to any unexpected news, there is potential for a rise towards the 2960 and even 3000 levels. That said, this scenario seems less likely given the current market conditions, with the overall outlook remaining tilted towards further downside. Key Support Levels: 2892, 2881 Key Resistance Levels: 2921, 2942, 2954, Overall, the market remains in a corrective phase, with the risk of further downside outweighing the chances of a breakout to the upside unless significant catalysts arise.
OANDA:XAUUSDShort
by akshit_official
GOLD WEEKLY OUTLOOK – AWAITING CPI & PPI IMPACT! GOLD WEEKLY OUTLOOK – CPI & PPI TO DRIVE THE NEXT MOVE! 🔥 GOLD REMAINS IN A RANGE – BREAKOUT OR CORRECTION AHEAD? 🔥 📌 Market Overview Gold continues to trade sideways within a wide range, despite last week’s disappointing Nonfarm Payrolls (NFP) report for the U.S. economy. Even though the jobs data was weak, gold failed to break a new high, indicating that investors may have anticipated the report. Key market focus is now shifting towards Trump’s trade policies & inflation rather than employment data alone. 👉 After the news release, gold reacted briefly but lacked strong bullish momentum, continuing to trade around $2,910 before closing the week at this level. 📉 TECHNICAL ANALYSIS – KEY PRICE LEVELS 🔹 Resistance Levels to Watch: $2,929: Immediate resistance; breaking this level could confirm bullish momentum. $2,943 - $2,954: Major resistance; a breakout here could push gold towards $2,970+. 🔻 Support Levels to Watch: $2,884: Closest support; breaking this could open the door for further downside. $2,872 - $2,859: Strong support zone where buyers may step in. $2,840: A critical level, especially if the upcoming CPI & PPI reports strengthen the USD. 📊 KEY EVENTS IMPACTING GOLD THIS WEEK 📅 CPI & PPI – The Major Catalysts Ahead 💡 Expectations: If CPI and PPI come in higher than expected ➜ USD strengthens, and gold may correct lower. If CPI and PPI are weaker ➜ USD weakens, and gold could break resistance to continue its uptrend. ⚠️ Key Technical Clues to Watch: Gold needs to break out of the $2,926 - $2,896 range to confirm a trend direction. Resistance at $2,926 - $2,928 is still holding, which doesn’t favor BUY setups yet. If gold drops below $2,896 - $2,884, the likelihood of a deeper correction increases. 🎯 TRADING PLAN 🔵 BUY ZONE: $2,874 - $2,872 📍 SL: $2,868 🎯 TP: $2,878 - $2,882 - $2,886 - $2,890 - $2,900 🔴 SELL ZONE: $2,944 - $2,946 📍 SL: $2,950 🎯 TP: $2,940 - $2,935 - $2,930 - $2,926 - $2,922 ⚡ CONCLUSION 📌 Wait for price reaction at key levels before making trading decisions. 📌 Focus on the $2,926 - $2,896 range to determine the main trend. 📌 Strictly follow TP/SL to protect your account and maximize profit! 💬 What’s your take? Will gold break higher or correct deeper? Drop your thoughts below! 🚀🔥
OANDA:XAUUSDShort
by MMFlowTrading
GOLD MARKET UPDATE – IS THE NEXT LEG DOWN COMING?🔥 GOLD BREAKS DOWN – MORE DOWNSIDE BEFORE A BIG MOVE? 🔥 📌 Market Overview As anticipated in yesterday’s analysis, Gold has broken down from its long-term sideways range. Based on the current price action, I still expect another leg down toward the 285X zone, before a potential strong rebound. For now, the priority remains on SELL setups as long as the breakdown holds. 👉 Market sentiment is cautious as investors look to take profits and avoid unnecessary risks ahead of key U.S. inflation data. 📊 FUNDAMENTAL FACTORS IMPACTING GOLD 💡 Trump’s Tariff Policies & Market Uncertainty U.S. President Donald Trump imposed a new 25% tariff on imports from Mexico & Canada on March 4th, along with additional tariffs on Chinese goods. Just two days later, he partially reversed the decision, suspending tariffs on Mexican imports and certain Canadian products for one month. This inconsistency in policy is increasing market volatility, making Gold a preferred safe-haven asset. 💡 Investors Holding Back Ahead of U.S. Inflation Reports Traders are hesitant to take aggressive positions before key U.S. inflation figures are released. If inflation comes in higher than expected, the USD may strengthen, pushing Gold lower. If inflation data is weaker, Gold could regain momentum and head towards new ATH levels. 📉 TECHNICAL ANALYSIS – KEY LEVELS TO WATCH 🔹 Major Resistance Levels: 2,905 - 2,912 - 2,919 - 2,927 🔻 Major Support Levels: 2,866 - 2,858 - 2,845 - 2,825 🎯 TRADE SETUPS FOR TODAY 🔵 BUY ZONE: 2,846 - 2,844 📍 SL: 2,840 🎯 TP: 2,850 - 2,854 - 2,858 - 2,862 - 2,866 🔴 SELL ZONE: 2,825 - 2,827 📍 SL: 2,830 🎯 TP: 2,820 - 2,816 - 2,812 - 2,808 - 2,800 ⚡️ CONCLUSION 📌 Gold remains in a downtrend after breaking out of its previous range – watch for further downside before a strong bounce. 📌 Investors are cautious ahead of inflation data, and Trump’s tariff policies continue to create market uncertainty. 📌 Stick to TP/SL to protect your capital & avoid unnecessary risks! 💬 What’s your take? Will Gold drop further before rebounding? Let me know in the comments! 🚀🔥
OANDA:XAUUSDShort
by MMFlowTrading