Gold Spot / U.S. Dollar
Short
Updated

GOLD market update: range locked / breakout pending

1 924
🏆 Gold Market Mid-Term Update

📊 Technical Outlook Update

🏆 Market Overview
▪️broke above 3 000 USD
▪️3250 USD S/R cleared as well
▪️Tested 3500 USD key S/R
▪️Rejection at 3500 USD key S/R
▪️pullback in progress currently
▪️locked inside range trading
▪️3275/3365 usd active range
▪️break below 3245 - BEARS take over
▪️break above 3385 - BULLS take over
▪️Bulls targets - 3450/3550 USD
▪️Bears targets - 3050/3150 USD

⭐️Recommended strategy
▪️Wait for a breakout
▪️LONG/SHORT after breakout

🔥 Key Drivers to Watch
🌍 Geopolitics & Trade
🇺🇸🇨🇳 U.S.–China Tariffs: Escalation continues pushing inflation fears & gold demand
🇪🇺 EU–U.S. tariffs (25%) are further straining global trade
💵 Weaker USD = stronger gold sentiment
🕊 Russia–Ukraine Ceasefire Talks
🗓 May 9 (Victory Day): Symbolic date eyed for a possible ceasefire announcement
🇷🇺 Parade vs 🇺🇦 EU leaders visiting Kyiv — all eyes on peace prospects
☢️ U.S.–Iran Nuclear Deal
🗓 April 28: Talks in Rome
🇮🇷 Iran shows readiness — possible easing of Middle East tensions
Note
so far according to plan. strong bounce / reversal
off the range lows. we are still locked in range.
Note
Is EURUSD getting ready for another 600 pips bull run?
Is EURUSD getting ready for another 600 pips bull run?

Note
100% according to plan so far
Note
EURAUD H2 compression BUY/HOLD +150/300 pips
EURAUD H2 compression BUY/HOLD +150/300 pips

Trade active
BROKE below 3245 USD, dump in progress, TP is 3155/3165 USD

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