Hello traders,
As you’ve likely noticed, the gold market is showing strong bullish momentum, and there are a few key reasons behind this. Many traders have been speculating that the gold trend has finally shifted. Last week, gold experienced a significant surge, reaching its all-time high.
Gold has become a safe-haven asset for investors, especially as the US dollar index hovers around 103.50, nearing a five-month low. Additionally, Trump’s aggressive tariff policies are raising concerns among investors, prompting many to flock to gold as a safer investment.
Currently, gold is priced at 3016, with 3020 acting as a key resistance area. Beyond that, 3035 is another resistance level to watch. Our analysis suggests that gold may experience a bullish spike on the H4 chart, likely triggering stop-losses for many sellers. After that, the price could cool down.
If you're considering a sell entry, wait for a confirmed setup. For those looking to scalp, a buy entry could be an option, targeting a quick 40-50 pips profit. If a sell setup is confirmed, our TP1 target is 3007, followed by a potential retracement to the 2995 and 2985 levels.
Please note, this is just an analysis, not specific buying or selling advice. Always conduct your own thorough analysis before taking any trades. Stay tuned for more updates, and feel free to visit my profile for additional trading ideas.
Good luck to all traders, and thank you!
As you’ve likely noticed, the gold market is showing strong bullish momentum, and there are a few key reasons behind this. Many traders have been speculating that the gold trend has finally shifted. Last week, gold experienced a significant surge, reaching its all-time high.
Gold has become a safe-haven asset for investors, especially as the US dollar index hovers around 103.50, nearing a five-month low. Additionally, Trump’s aggressive tariff policies are raising concerns among investors, prompting many to flock to gold as a safer investment.
Currently, gold is priced at 3016, with 3020 acting as a key resistance area. Beyond that, 3035 is another resistance level to watch. Our analysis suggests that gold may experience a bullish spike on the H4 chart, likely triggering stop-losses for many sellers. After that, the price could cool down.
If you're considering a sell entry, wait for a confirmed setup. For those looking to scalp, a buy entry could be an option, targeting a quick 40-50 pips profit. If a sell setup is confirmed, our TP1 target is 3007, followed by a potential retracement to the 2995 and 2985 levels.
Please note, this is just an analysis, not specific buying or selling advice. Always conduct your own thorough analysis before taking any trades. Stay tuned for more updates, and feel free to visit my profile for additional trading ideas.
Good luck to all traders, and thank you!
Trade active
Gold successfully break first resistance 3020 now heading towards 3035 as we predicted Trade closed: target reached
As we predicted 2nd resistance 3035 level also achieved. Now wait for a confirmation and you can take a sell entry but it will be only for scalping 
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t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.
Thank you for visiting us! Join us for more trading insights and signals.
t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.