We're continuing with the same bias we held last month. Right now, gold is probably the easiest pair to trade. Any system that signaled a buy would’ve performed well over the past six months. Price has been trending strongly, making gold one of the most consistently gaining assets.
We're anticipating this momentum to continue, especially as there's a cluster of highly liquid lows surrounding the low formed on Friday. If that low is swept, I expect a clean push to the upside—one that should be relatively easy to follow. Should we get that move, our targets remain the intermediate highs and the long-term high already marked on the chart. We're watching for price action to deliver a clear expansion.
Of course, a deeper pullback is also fine. If our system gives us a long signal, we’ll take it—regardless of the recent COT data showing a reduction in gold long positions. Those positions are still relatively high compared to other assets, so the upward trend is still likely to continue for now.
Remember, fundamentals heavily influence gold’s price action, especially news tied to the USD this week. Stick to your trading plan, manage your risk, and let Orion lead the way.
We're anticipating this momentum to continue, especially as there's a cluster of highly liquid lows surrounding the low formed on Friday. If that low is swept, I expect a clean push to the upside—one that should be relatively easy to follow. Should we get that move, our targets remain the intermediate highs and the long-term high already marked on the chart. We're watching for price action to deliver a clear expansion.
Of course, a deeper pullback is also fine. If our system gives us a long signal, we’ll take it—regardless of the recent COT data showing a reduction in gold long positions. Those positions are still relatively high compared to other assets, so the upward trend is still likely to continue for now.
Remember, fundamentals heavily influence gold’s price action, especially news tied to the USD this week. Stick to your trading plan, manage your risk, and let Orion lead the way.
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Learn the Orion Trading System with the link below.
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Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Our FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.