Recent Market Observations:
We have noticed a consistent decline across multiple asset classes, including the U.S. dollar, U.S. equities, and even Bitcoin. One of the primary factors contributing to this downturn is the uncertainty surrounding Trump’s tariff policies, which lack transparency and are subject to frequent changes. This unpredictability has led to increased market skepticism toward these assets. Additionally, the weaker-than-expected Non-Farm Payroll (NFP) and unemployment rate data have exacerbated risk-off sentiment, further fueling market anxiety.
Gold’s Resilience and Strong Consolidation:
These factors have been instrumental in maintaining gold’s resilience at elevated levels, driving strong consolidation. Despite last Friday’s NFP and unemployment data—both favorable for gold—failing to trigger a breakout, the ongoing support from multiple bullish catalysts continues to increase the probability of an upward breakthrough.
Medium- to Long-Term Outlook:
Several structural factors reinforce gold’s bullish trajectory, including continued central bank accumulation, persistent ETF inflows, strong physical demand, concerns over the U.S. debt crisis, and excessive global monetary expansion. Given these conditions, the prospect of gold reaching $3,000 per ounce in the future remains plausible, aligning with its long-term growth trajectory.
Short-Term Technical Levels and Trading Strategy:
In the short term, gold remains in a consolidation phase, with the $2,920–$2,930 resistance zone acting as a key barrier to further upside, while the $2,900–$2,890 range serves as a crucial support level.
From a macroeconomic perspective, the bullish case for gold is well-supported and logically sound. Optimistically, we may see new all-time highs as early as this week. Based on this outlook, my trading strategy will primarily focus on buying on dips, with short-term selling near resistance levels as a secondary approach.
We have noticed a consistent decline across multiple asset classes, including the U.S. dollar, U.S. equities, and even Bitcoin. One of the primary factors contributing to this downturn is the uncertainty surrounding Trump’s tariff policies, which lack transparency and are subject to frequent changes. This unpredictability has led to increased market skepticism toward these assets. Additionally, the weaker-than-expected Non-Farm Payroll (NFP) and unemployment rate data have exacerbated risk-off sentiment, further fueling market anxiety.
Gold’s Resilience and Strong Consolidation:
These factors have been instrumental in maintaining gold’s resilience at elevated levels, driving strong consolidation. Despite last Friday’s NFP and unemployment data—both favorable for gold—failing to trigger a breakout, the ongoing support from multiple bullish catalysts continues to increase the probability of an upward breakthrough.
Medium- to Long-Term Outlook:
Several structural factors reinforce gold’s bullish trajectory, including continued central bank accumulation, persistent ETF inflows, strong physical demand, concerns over the U.S. debt crisis, and excessive global monetary expansion. Given these conditions, the prospect of gold reaching $3,000 per ounce in the future remains plausible, aligning with its long-term growth trajectory.
Short-Term Technical Levels and Trading Strategy:
In the short term, gold remains in a consolidation phase, with the $2,920–$2,930 resistance zone acting as a key barrier to further upside, while the $2,900–$2,890 range serves as a crucial support level.
From a macroeconomic perspective, the bullish case for gold is well-supported and logically sound. Optimistically, we may see new all-time highs as early as this week. Based on this outlook, my trading strategy will primarily focus on buying on dips, with short-term selling near resistance levels as a secondary approach.
Trade active
Gold once again fell back to the support range of 2890-2900. I said in the article that as long as it falls back to the support, it is an opportunity to intervene. Now the opportunity has come, should we seize it? I think it is possible. Even if the gold price continues to fall, we can add positions to make up for it. As long as it does not fall below 2880, I think there is a very high possibility of rising.If you don’t know how to set up a transaction and the price of entry, cover, stop loss, and take profit, you can contact me at the bottom of the article, copy my transaction, or join the sharing channel
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
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👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.