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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
Gold On Monday💡Gold could breach $3,000 level soon, analyst says 💡Trumpdeclinedto predict if U.S. could face a recession 💡U.S. CPI data on Wednesday, PPI data on Thursday 15-Minute Chart Analysis Key Zones: Order Block (OB) at $2,895 - $2,900 – Strong demand zone Order Block (OB) at $2,925 - $2,930 – Strong supply zone Fair Value Gap (FVG) at $2,918 - $2,922 – Potential retracement area 📊Price Behavior: Price is currently consolidating below the FVG area, which often acts as a magnet for price action. 📊 Conclusion: A potential bullish move may occur if price reclaims the FVG zone, targeting the OB at $2,925. Conversely, a break below $2,895 may trigger further downside pressure. 🔍1-Hour Chart Analysis Key Resistance Levels: $2,924 – Immediate resistance zone $2,942 – Strong resistance with previous rejection Key Support Levels: $2,879 – Key support zone $2,863 – Critical support below Price Behavior: The market is moving in a consolidation phase, with multiple rejections from the resistance at $2,924. Conclusion: The market is currently indecisive, consolidating between $2,900 and $2,924. A breakout in either direction may signal the next move. 🔍 4-Hour Chart Analysis Key Resistance Levels: $2,954 – Significant resistance zone Key Support Levels: $2,880 – Intermediate support $2,846 – Major support zone Market Condition: The market is clearly in a ranging phase between $2,880 and $2,925. This suggests indecision and a potential breakout on either side. Conclusion: The range-bound structure favors breakout strategies. Monitoring volume and price action near these levels is crucial. Trading Strategy Considerations 📌 Bullish Scenario ✅Wait for a breakout above $2,924 with strong volume confirmation. 📍Target: $2,942 or higher. ❌Stop Loss: Below $2,911 to manage risk. 📌 Bearish Scenario ✅Watch for a rejection at $2,924 or a breakdown below $2,900. 📍Target: $2,880 or lower. ❌Stop Loss: Above $2,924 for protection. 👉 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
OANDA:XAUUSD
by silverwolftraders029
GOLD & NONFARM SHOWDOWN – WILL THE MARKET EXPLODE OR CRASH?📌 Market Outlook Before Nonfarm The global financial markets are eagerly awaiting the U.S. Nonfarm Payrolls (NFP) report, set to be released tonight. As one of the most anticipated economic indicators, it directly impacts the U.S. Dollar (DXY), Federal Reserve interest rate decisions, and Gold prices (XAU/USD). Currently, Gold is consolidating within the 2,892 - 2,929 range, waiting for a breakout. This report could serve as the catalyst to define the next major trend. 📊 Expected Nonfarm Scenarios & Impact on Gold & USD ✔ If Nonfarm Data Comes in Weak (~Below 180K) A lower-than-expected jobs report could signal economic slowdown, weakening the USD. Gold could break above 2,929 and move towards 2,943 - 2,954, as investors seek safe-haven assets. ✔ If Nonfarm Data is Strong (>250K) A robust jobs report would strengthen USD, reinforcing expectations that the Fed may delay interest rate cuts. Gold may drop towards 2,884 - 2,872, or even test deeper support at 2,859 - 2,840. ✔ If Nonfarm Matches Expectations (~200K) Market volatility may increase temporarily, but a clear trend will only emerge if price reacts strongly at key levels. 📈 Technical Overview – Key Resistance & Support Levels 🔺 Resistance Levels to Watch: 2,929: Immediate resistance, breaking this could confirm bullish momentum. 2,943 - 2,954: Major resistance; if surpassed, Gold could aim for 2,970+. 🔻 Support Levels to Watch: 2,884: Closest support, breaking this could open further downside risks. 2,872 - 2,859: Strong support zone where buyers might step in. 2,840: Critical level if the Nonfarm report significantly boosts USD. 📉 Final Thoughts – What’s Next for Gold? 📊 The Nonfarm Payrolls report is expected to trigger high volatility, determining Gold's next major trend. 📉 If data is weaker than expected, USD may decline, pushing Gold above 2,929 toward 2,943 - 2,954. 📈 If data exceeds expectations, USD will strengthen, leading Gold to retest supports at 2,872 - 2,859 or lower at 2,840. ⚠ Traders should remain cautious, as price swings may occur before a clear trend is established. Risk management is crucial! 📢 What’s your prediction for Gold after Nonfarm? Drop your thoughts below! 🚀🔥
OANDA:XAUUSD
by MMFlowTrading
GOLD AWAITS NONFARM – BREAKOUT OR RETRACEMENT?GOLD AWAITS NONFARM DATA ON 07/03 – WILL IT HIT A NEW ATH OR CONTINUE ITS RETRACEMENT? 📌 Market Overview The global financial markets are on high alert as all eyes turn to the Nonfarm Payrolls (NFP) report – the most anticipated economic data of the month. 🔥 Geopolitical Tensions & Their Impact on Gold & USD (DXY): US tariff policies against neighboring countries and China continue to fuel uncertainty. DXY remains highly volatile, directly influencing Gold’s price movements. Investors worldwide are waiting for NFP results to determine whether Gold will break to new all-time highs (ATH) or undergo another correction. ⚡ Expected Price Volatility: Currently, Gold is trading sideways within a broad range of 2929 - 2892, holding this structure since the start of the week. Based on previous Nonfarm releases, Gold is expected to move 45 - 50 points today, possibly even 60 points! This presents high-profit potential for traders ready to react to a breakout. 📊 Key Support & Resistance Levels – Watch for the Breakout! 🔺 Key Resistance: 2920 - 2928 - 2943 - 2954 🔻 Key Support: 2892 - 2884 - 2872 - 2859 - 2838 🚀 Today's Game Plan: Gold is still consolidating sideways, with no clear breakout yet. Wait for a breakout confirmation, then follow the momentum. I will update fresh insights right before the Nonfarm release for a more precise strategy. 🎯 Trading Strategy for the Day 🟢 BUY ZONE: 2874 - 2872 ❌ SL: 2868 🎯 TP: 2878 - 2882 - 2886 - 2890 - 2895 - 2900 🔴 SELL ZONE: 2952 - 2954 ❌ SL: 2958 🎯 TP: 2948 - 2944 - 2940 - 2935 - 2930 📌 Important Reminders 💥 Nonfarm will trigger extreme volatility today – expect strong liquidity grabs! ✔ Stick to TP/SL to protect your capital against unexpected market swings. ✔ Wait for the breakout confirmation before entering trades – avoid FOMO! ✔ Control emotions & manage risk carefully – today’s market could be a game-changer! 📢 Are you ready for today’s market action? Stay updated and execute your trades with precision! 🚀🔥
OANDA:XAUUSD
by MMFlowTrading
GOLD MAINTAINS UPSIDE MOMENTUM AFTER ADP NONFARM DATA RELEASE🔺 Market Overview: Gold continues to maintain its bullish momentum, having reclaimed key resistance levels after the ADP Nonfarm report was released yesterday. Despite recent U.S. economic data and the uncertainty surrounding tariff policies, the USD has weakened following a brief recovery over the weekend. 🔺 Current Outlook for Gold: Given the economic news and the candle strength on the chart, I’m still looking for BUY opportunities in Gold. During the Asian and European sessions, we can anticipate BUY setups early, as Gold could reach the key resistance zones, offering good SELL scalping opportunities just like we saw yesterday at the 2928 - 2926 zone, which resulted in a 150-pip profit. 📊 Market Range Today: The price range today may be sideways as we await important Nonfarm data tomorrow. Pay close attention to the support and resistance levels. 🔸 KEY SUPPORT & RESISTANCE LEVELS 🔺 Resistance Levels: 2928 – 2942 – 2954 🔻 Support Levels: 2904 – 2894 – 2886 – 2874 ⌛ TRADING ZONE FOR TODAY 🟢 BUY ZONE: Entry: 2886 - 2884 Stop Loss (SL): 2880 Take Profit (TP): 2890 - 2894 - 2898 - 2905 🔴 SELL SCALP: Entry: 2942 - 2944 Stop Loss (SL): 2948 Take Profit (TP): 2938 - 2934 - 2930 - 2925 - 2920 🔴 SELL ZONE: Entry: 2954 - 2956 Stop Loss (SL): 2960 Take Profit (TP): 2950 - 2946 - 2942 - 2938 - 2934 - 2930 📌 Final Thoughts & Trading Tips: Key Levels: The key levels have been noted above. Pay attention to the critical support and resistance zones. Stay Focused: Today, the market is likely to be in a sideways range, so be patient and wait for confirmation before executing trades. Nonfarm Data: Keep an eye on important Nonfarm data tomorrow. This could trigger significant price movements. 💡 Reminder: Always follow your TP/SL levels to ensure safe trading and protect your capital. Trade with caution and stay disciplined!
OANDA:XAUUSD
by MMFlowTrading
GOLD - BROKEN OUT 2881 RESISTANCE, BULLS ARE IN CONTROLSymbol - XAUUSD Gold has surpassed the downtrend resistance and is consolidating above the critical resistance level of 2881. A pre-breakdown consolidation is forming near 2894, signaling the potential for upward movement amidst a dollar correction. Trump has confirmed the imposition of new tariffs on Canada, Mexico, and China, which has led to retaliatory actions and heightened concerns regarding the risk of a U.S. recession. The decline in PMI and the Atlanta Fed's GDP forecast contributed to a sell-off on Wall Street, which, in turn, increased demand for gold as a safe-haven asset. Geopolitical tensions remain high as Trump announced the suspension of military aid to Ukraine, leading to dissatisfaction within Europe. Market participants are closely monitoring the upcoming U.S. employment data, which will likely influence Federal Reserve policy and the dollar exchange rate. The price has breached the 2881 resistance level, which had previously acted as a dividing line in the market. A pre-breakdown consolidation is currently forming around the 2895 level. A break above this resistance, coupled with price consolidation above 2895, may further reinforce the upward trend. Resistance levels: 2895, 2921, 2929 Support levels: 2885, 2876, 2859 The primary objective for bulls is to maintain support above the 2885 - 2895 range. Given the increasing economic risks and the weakening dollar, gold is well-positioned for continued growth following the shift in the local trend. In this scenario, potential targets are 2915, 2921, and 2929
OANDA:XAUUSDLong
by akshit_official
WILL THE BULLISH MOMENTUM CONTINUE TODAY?GOLD REVERSING FROM A STRONG DROP – WILL THE BULLISH MOMENTUM CONTINUE TODAY? Gold experienced a highly volatile session, retracing to fill the GAP and provide liquidity for the lost price data area before rebounding in line with its primary trend. After a sharp drop, BUY momentum gradually returned, closing the daily candle with strong bullish pressure. Although the ISM Manufacturing PMI data came out positive, it had little impact on the price as market sentiment is currently focused on the new US tariff policies, which could add further pressure on safe-haven assets. So, will Gold continue its upward momentum today, or is this just a technical correction before further downside? 📉📈 Let's track the key price levels for a well-planned strategy! 🚀 ⚡️ KEY PRICE LEVELS TODAY 📌 Resistance: 2892 - 2906 - 2916 - 2930 📌 Support: 2880 - 2872 - 2858 - 2845 - 2835 💎 TRADE SETUP 🔹 BUY ZONE: 2846 - 2844 🎯 TP: 2850 - 2854 - 2858 - 2864 - 2870 ⛔️ SL: 2840 🔹 SELL ZONE: 2915 - 2917 🎯 TP: 2910 - 2905 - 2900 - 2896 - 2892 ⛔️ SL: 2921 ⏳ With no major news releases today, the expected price range is 30 - 35 prices. Stick to TP/SL to protect your account! 🚀💰
OANDA:XAUUSDLong
by MMFlowTrading
1
GOLD - DOWNTREND PERSISTS, PRICE UNDER BEARISH PRESSURESymbol - XAUUSD CMP - 2870 Gold has been on an upward trajectory since Friday, a typical response following the false breakdown of support at 2834. The price remains within a selling zone and is expected to approach resistance levels before potentially experiencing a pullback to the downside. The US dollar has gained significantly over the past week and appears to be positioned for further strength. However, its trajectory remains contingent upon the ongoing tariff dispute, economic risks, and regulatory policies within the United States. Market reactions are also being influenced by efforts to address the conflict in Eastern Europe. Key developments to watch include upcoming statements from the Federal Reserve and the release of US economic data. On the 4-hour chart, Gold is trading within a narrow range between 2881 and 2834. Should the price fall below 2881, gold will remain under bearish/selling pressure. However, the liquidity in the 2878 - 2881 region suggests that gold may test this area of interest before resuming its downward movement. Key resistance levels: 2869, 2877, 2881 Key support levels: 2859, 2834 Currently, consolidation is taking place below the 2869 level (0.5 Fibonacci retracement) following a false breakdown. If bearish momentum prevails and price remains below this level, a decline may occur sooner. Another potential trigger is the 2859 support level - If this level is breached, a sell-off and liquidation could ensue, potentially driving prices down to 2834 On the other hand, buying can be considered if gold overcomes the 2878 - 2881 zone and is able to consolidate above this area. In this case, the price will confirm the break of the trend and strong resistance. At the moment, while gold is inside this range, we can consider an intra-range trading strategy.
OANDA:XAUUSDShort
by akshit_official
1H Buy Projection for XAUUSD (Gold/USD) on March 4, 20251H Buy Projection for XAUUSD (Gold/USD) on March 4, 2025. It highlights a bullish setup based on a V-shaped reversal pattern. Key Observations: Bullish Signals: V-Pattern Formation: Indicates strong buying pressure and a potential trend reversal. Uptrend Line: Price is following a bullish structure. Buying Zone: Identified around 2,885 - 2,891. Support & Resistance: Support S1: Strong demand zone where price bounced. Resistance R1: Around 2,900, first major hurdle. Resistance R2: 2,919, higher resistance level and second target. Trade Setup: Entry (Buying Zone): Around 2,885 - 2,891. Stop Loss: Placed at 2,879.35 (below key support). Target Price 1: Around 2,905. Target Price 2: Around 2,919. Possible Trade Strategy: Buy near the buying zone (2,885 - 2,891). Stop Loss below 2,879 to manage risk. Take Profits at 2,905 (first target) and 2,919 (second target). Risk & Considerations: If price fails to hold above the buying zone, a break below 2,879 may invalidate the bullish setup. Price may face resistance near 2,900 before moving higher.
FOREXCOM:XAUUSDLong
by kripsonfx97
GOLD chart analysis for Monday session 15M TFGold (XAUUSD) price closed at 2857 level in the last session after studying it in all time frame we've figured out some level's of it 2863 - 2868 is the nearest resistance zone and after that next resistance zone is 2877 - 2882 and 2853 is the nearest support level and after that next support is 2832.59 we will go simple here this time look for reversal or continuos pattern on the zones and level's and make trade placement according to them i'll follow my signal generation and trend direction indicator to place my trade , and here i've told you the levels which should work very well , be focused on candlestick pattern to get the best trade's.
FXOPEN:XAUUSD
by NobleFalcon
1
XAUUSD WEEKLY SELL PROJECTION 03.03.25Bearish Signals: Bearish Engulfing at the Top: This pattern often signals a potential reversal. Evening Star Formation: A strong bearish reversal pattern. Bearish Spinning Top: Indicates indecision but leans toward bearish sentiment. Support & Resistance Levels: Immediate Resistance: Around 2,885 - 2,904. Immediate Support: Around 2,857. Target Price 1: Approximately 2,840. Target Price 2: Around 2,784 - 2,783 (Major Support). Trend Analysis: Broken Uptrend Line: A possible retest of the broken trendline before further downside. Rising Wedge Pattern: This is typically a bearish continuation pattern, confirming downside potential. Trade Setup: Possible Short Position: Entry near 2,885 - 2,900, stop loss at 2,922. Target Levels: First at 2,840, second at 2,784.
OANDA:XAUUSDShort
by kripsonfx97
GOLD FACES KEY RESISTANCE AFTER LAST WEEK'S STRONG DROP🔥 After reaching ATH early last week, Gold saw a significant correction, dropping to 283x before bouncing back from the strong support zone at 2833 - 2835. By the end of the week, Gold retested this level, surging 20 points and closing the weekly and monthly candle at 2857 – a solid position for the BUY side. 🟢 TODAY’S SESSION – GAP OPEN & CURRENT VIEW At the Sydney & Tokyo open, Gold continued to benefit from last week’s BUY momentum, creating a 15-point GAP and reaching 2870. So far in the Asian session, it has peaked at 2877. 👉 CURRENT VIEW: Gold is likely to drop back to fill the GAP (low liquidity) around 2854 - 2850 before continuing its upward movement. The price is currently reacting in line with this expectation. ⚡️ KEY LEVELS TO WATCH TODAY 📌 Resistance: 2884 - 2895 - 2900 - 2905 📌 Support: 2856 - 2850 - 2845 - 2835 💎 TRADE SETUPS FOR TODAY 🔹 BUY ZONE: 2835 - 2833 🎯 TP: 2840 - 2844 - 2848 - 2854 - 2860 ⛔️ SL: 2830 🔹 SELL ZONE: 2904 - 2906 🎯 TP: 2900 - 2896 - 2892 - 2886 - 2880 ⛔️ SL: 2910 📢 IMPORTANT NOTES 📆 Today marks the start of a new week and month, so it's crucial to closely monitor price reactions. Key economic reports like ADP and NFP are scheduled this week, so risk management is essential. Stick to TP/SL levels to protect your account!
OANDA:XAUUSDShort
by MMFlowTrading
2
GOLD - FALSE BREAKDOWN & PULLBACK BEFORE FURTHER FALLSymbol - XAUUSD Gold is currently revisiting recent lows within the context of a shifting local trend. The price is testing the 2852 liquidity zone, with the potential for a rebound before continuing its downward movement. On Friday, gold traded near its two-week lows, falling below the 2900 mark in Asian markets, ending an eight-week streak of gains. The precious metal is facing downward pressure due to a strengthening U.S. dollar, fueled by President Trump’s renewed tariff threats and developments in the U.S. economy. Trump has confirmed a 25% tariff on goods from Mexico and Canada, effective March 4, along with an additional 10% tariff on Chinese imports. Meanwhile, weaker-than-expected U.S. GDP data 2.3% for Q4 and rising jobless claims further bolster the U.S. dollar. Market participants are awaiting the release of the PCE core price index to assess the Federal Reserve’s potential monetary policy actions and their implications for gold prices. Resistance levels: 2869, 2877, 2885 Support levels: 2852, 2834 A false break at the 2852 support level could lead to a short-term rebound towards the imbalance zone 2869-2877 or the liquidity zone 2885 before a continuation of the downward trend. Both the fundamental and technical outlook remain weak, suggesting that gold may attempt to test and potentially break through the recent lows.
OANDA:XAUUSDShort
by akshit_official
Gold Trading Strategy for 03rd March 2025📈 Gold Trade Setup 📉 💰 Entry Strategy: 🔼 Buy Above: The high of the 1-hour candle that closes above 2864 🎯 Targets: 2871 | 2886 | 2899 🔽 Sell Below: The low of the 15-minute candle that closes below 2832 🎯 Targets: 2826 | 2813 | 2801 📊 Trade Explanation: Why wait for a close? A 1-hour candle closing above 2864 confirms bullish strength, reducing false breakouts. A 15-minute candle closing below 2832 helps identify early bearish momentum. This method improves accuracy by ensuring price sustains its breakout direction rather than just wicking above or below levels. Combine with indicators like RSI, MACD, or Moving Averages for added confirmation. ⚠️ Disclaimer: This trade setup is for educational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult a financial advisor before making any investment decisions. 🚀📉
TVC:GOLD
by ramkkyy
GOLD - BULLISH STRUCTURE SHAKING - WHAT'S NEXT?Symbol - XAUUSD CMP - 2910 Gold has transitioned from a locally bullish trend to a neutral, sideways market. Despite this shift, bullish forces continue to defend key support levels. What can we anticipate for the precious metal in the near term? Investor sentiment has gravitated back toward safe-haven assets amid concerns surrounding President Trump's tariff policies and disappointing U.S. economic data. On Tuesday, gold experienced a pullback from its record high of $2,956 due to profit-taking and a decline in Chinese imports. However, a weaker-than-expected U.S. consumer confidence index facilitated a recovery in gold prices. The upward movement in gold is currently constrained by a strengthening U.S. dollar and rising bond yields, but ongoing trade war concerns continue to fuel demand for the metal. Key resistance levels: 2921, 2929, 2942 Key support levels: 2905, 2888 As a result, gold is likely to remain within a sideways trading range. There is potential for a short-term decline to retest support in the 2905-2888 range before resuming upward movement. Alternatively, a breakout above resistance levels could signal further gains. If the bulls manage to sustain trading above the 2921-2929 zone, the metal could resume its upward trajectory.
OANDA:XAUUSDLong
by akshit_official
GOLD - BREAKDOWN OF RISK ZONE 2880 MAY TRIGGER TREND CHANGESymbol - XAUUSD Gold is deviating from its recent trend and is now testing the panic and risk zone at 2880 as part of a corrective phase. A retest of this level would increase the likelihood of a potential trend reversal. The recent loss in gold's upward momentum can be attributed to the uncertainty surrounding President Trump's tariff plans and ongoing economic challenges in the United States. Conflicting statements from the president are providing support for the dollar, while rising bond yields are exerting downward pressure on gold prices. Market participants are closely monitoring the upcoming US GDP data. Should the results fall short of the forecasted 2.3% there is potential for gold to appreciate. Additionally, speeches from Federal Reserve officials will be crucial, but the key factor remains President Trump's remarks, which could significantly influence market sentiment. From a technical standpoint, the market structure is currently bearish, suggesting that a continuation of the decline is likely after a brief corrective phase. Support levels: 2878, 2888 Resistance levels: 2890, 2907 A false breakdown of the aforementioned support levels, following a significant decline, could lead to a correction. Initially, the price may move toward the 0.5 Fibonacci retracement level, and after a brief pullback, the 0.7 Fibonacci level could be tested. However, market participants should closely observe the price action at these levels. If gold continues its downward movement, attention will be focused on the 2880 level. Conversely, if the price struggles to move lower and begins testing resistance, there is a possibility that, amidst heightened risks, the market could shift back into a growth phase.
OANDA:XAUUSDShort
by akshit_official