GOLD (XAUUSD) Extraordinary SELL Coming
Gold (XAU/USD) Trading Signal and Analysis
Current Price: 2,743 USD
Sentiment: Bullish momentum continues despite potential volatility linked to macroeconomic factors, including Trump's return and increased demand for safe-haven assets by financial institutions.
Technical Outlook:
The price is currently testing a high zone between 2,743 and 2,751, approaching the upper boundary of its recent bullish range.
A retracement is anticipated, targeting at least 30% of Fibonacci retracement, aligning with a move toward the lower band of the Bollinger Band.
Signal:
Sell Zone: Enter short positions between 2,743 and 2,751.
Target: Aim for a price level near 2,670 on higher timeframes.
Stop-Loss: Set a stop-loss according to your portfolio risk tolerance. Position it slightly above 2,760 to account for potential breakouts.
Analysis and Strategy:
Macro Factors: Bullish pressure is driven by demand for gold as a safe-haven asset. However, retracement is expected due to market corrections and profit-taking.
Technical Indicators:
Anticipated correction aligns with Fibonacci 30% retracement.
Bollinger Bands suggest a possible pullback towards the lower band as price reverts to the mean.
Support:
Support Zones: 2,670, with a minor level at 2,680.
Resistance Zones: 2,751–2,760.
Recommendation: Use position sizing and stop-loss placement that align with your portfolio's risk management strategy. Adjust take-profit targets if momentum extends the retracement.
Please show support by following, comment, like and share.
Current Price: 2,743 USD
Sentiment: Bullish momentum continues despite potential volatility linked to macroeconomic factors, including Trump's return and increased demand for safe-haven assets by financial institutions.
Technical Outlook:
The price is currently testing a high zone between 2,743 and 2,751, approaching the upper boundary of its recent bullish range.
A retracement is anticipated, targeting at least 30% of Fibonacci retracement, aligning with a move toward the lower band of the Bollinger Band.
Signal:
Sell Zone: Enter short positions between 2,743 and 2,751.
Target: Aim for a price level near 2,670 on higher timeframes.
Stop-Loss: Set a stop-loss according to your portfolio risk tolerance. Position it slightly above 2,760 to account for potential breakouts.
Analysis and Strategy:
Macro Factors: Bullish pressure is driven by demand for gold as a safe-haven asset. However, retracement is expected due to market corrections and profit-taking.
Technical Indicators:
Anticipated correction aligns with Fibonacci 30% retracement.
Bollinger Bands suggest a possible pullback towards the lower band as price reverts to the mean.
Support:
Support Zones: 2,670, with a minor level at 2,680.
Resistance Zones: 2,751–2,760.
Recommendation: Use position sizing and stop-loss placement that align with your portfolio's risk management strategy. Adjust take-profit targets if momentum extends the retracement.
Please show support by following, comment, like and share.
✅Free Telegram Group
t.me/+gdXxCx5R3okwZTc0
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
t.me/+gdXxCx5R3okwZTc0
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
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.
✅Free Telegram Group
t.me/+gdXxCx5R3okwZTc0
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
t.me/+gdXxCx5R3okwZTc0
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
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.