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Gold’s Price Action: New Highs or Correction Ahead?Yesterday, gold reached yet another all-time high, slightly above 2,880. However, the price quickly dropped by 200 pips, finding support at 2,660. Since then, gold has been consolidating, but a correction appears to be looming. In the posted 30-minute chart, we can see a small head-and-shoulders pattern forming. A break below the newly established support and the neckline of the pattern could lead to a further drop to 2,640. Although trading at this stage is extremely risky, I believe gold is more likely to correct at this point rather than make a new ATH.
OANDA:XAUUSDShort
by Mihai_Iacob
10
Trade Idea - Sell Limit Trade Idea for XAUUSD Bias: Short Position Technical Analysis: 1. Daily Chart: • XAUUSD is in an extended uptrend and nearing overbought conditions with RSI at 74.98, signaling a possible pullback. • MACD is still bullish but reaching a peak. • A rejection near 2865-2875 suggests a strong resistance zone. 2. 15-Min Chart: • Recent momentum is slowing down. • RSI is at 47.65, indicating a neutral zone, with possible room for a move downward. • MACD is weakly bullish but not showing strong continuation. 3. 3-Min Chart: • Clear lower highs forming. • RSI is at 40.51, approaching bearish territory. • MACD is negative, showing short-term selling pressure. Fundamental Analysis: • Gold has rallied significantly, but a correction is likely as traders take profits. • US Dollar Strength: If any upcoming economic data favors USD, gold may decline. • Interest Rate Expectations: No immediate dovish signals, keeping gold under pressure at highs. Trade Setup (Short XAUUSD) • Entry: 2865 • Stop Loss (SL): 2875 (10 pips above key resistance) • Take Profit (TP): 2845 (2:1 RRR) Rationale: • Selling into resistance at 2865 where price action shows exhaustion. • Stop placed above the last major swing high. • Targeting a retracement to 2845, a logical support level based on price action and short-term trends.
OANDA:XAUUSDShort
by KeN-WeNzEl
SPY/QQQ Plan Your Trade For 2-6-25: Counter-Trend RALLY Today's pattern is a counter-trend Rally pattern. I read this as a downward trending type of rally phase/bar. Much like yesterday's rally in the markets. Today should be just the opposite - a downward trending bar. I believe this is a move downward setting up the Deep-V pattern which should hit early next week. I suggest traders prepare for a rollover-topping pattern near this upper resistance area and prepare for the markets to move downward - seeking support. Gold and Silver will likely move downward as well if the market does roll over, as I suspect. Gold and Silver tend to move downward when the markets shift into a downward trend. Bitcoin is trapped within a range (again), and it appears that over the next few days, it will attempt to move downward with the markets. Again, the next four to five days will be a do-or-die type of move. I've been telling all of you this Deep-V breakdown will happen for more than thirty days, so I'm watching to see if it really does happen. Either way, it is now a bad idea to take some profits near these highs in preparation for any potential breakdown. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
Could Silver's Price Soar to New Heights?In the realm of precious metals, silver has long captivated investors with its volatility and dual role as both an industrial staple and a safe-haven asset. Recent analyses suggest that the price of silver might skyrocket to unprecedented levels, potentially reaching $100 per ounce. This speculation isn't just idle talk; it's fueled by a complex interplay of market forces, geopolitical tensions, and industrial demand that could reshape the silver market landscape. The historical performance of silver provides a backdrop for these predictions. After a notable surge in 2020 and a peak in May 2024, silver's price has been influenced by investor sentiment and fundamental market shifts. Keith Neumeyer of First Majestic Silver has been an outspoken advocate for silver's potential, citing historical cycles and current supply-demand dynamics as indicators of future price increases. His foresight, discussed across various platforms, underscores the metal's potential to break through traditional price ceilings. Geopolitical risks add another layer of complexity to silver's valuation. The potential for an embargo due to escalating tensions between China and Taiwan could disrupt global supply chains, particularly in industries heavily reliant on silver like technology and manufacturing. Such disruptions might not only increase the price due to supply constraints but also elevate silver's status as a safe-haven investment during times of economic uncertainty. Moreover, the ongoing demand from sectors like renewable energy, electronics, and health applications continues to press against the available supply, setting the stage for a significant price rally if these trends intensify. However, while the scenario of silver reaching $100 per ounce is enticing, it hinges on numerous variables aligning perfectly. Investors must consider not only the positive drivers but also factors like market manipulation, economic policies, and historical resistance levels that have previously capped silver's price growth. Thus, while the future of silver holds immense promise, it also demands a strategic approach from those looking to capitalize on its potential. This situation challenges investors to think critically about market dynamics, urging a blend of optimism with strategic caution.
FX_IDC:XAGUSDLong
by UDIS_View
Gold Retreat Slightly but Bullish Momentum Remains IntactGold Futures Slip but Stay Near Record Highs; Bull Market to Persist, Citi Says Gold Technical Analysis Gold reached an all-time high (ATH) of 2,882 yesterday before reversing. Currently, Gold is expected to correct towards the breakout level near 2,809. Initially, the price may attempt to test 2,841, and a 1-hour or 4-hour candle closing below this level could lead to a drop toward 2,823. On the other hand, if a 1-hour candle closes above 2,861, the price could reach 2,873. Furthermore, a 4-hour candle closing above 2,873 would confirm a bullish continuation toward 2,895 and 2,918. Key Levels Pivot Point: 2861 Resistance Levels: 2873, 2895, 2918 Support Levels: 2841, 2823, 2809 Trend Outlook Bullish confirmation above 2873 Expected movement range: 2861 – 2841 Bearish scenario if the price remains below 2861
OANDA:XAUUSDShort
by SroshMayi
Gold Update: $3,000 Is Not the Final DestinationGold futures broke above minor consolidation, so the map should be updated. Wave 3 becomes extended (blue small waves) and it is looking to test the trendline resistance near magic $3,000 level. But that's not all as we didn't see wave 4 yet. It should be complex to alternate wave 2, which was simple. Wave 4 could hit the $2,500-2,550 area to complete correction. We can measure it after wave 3 will be completed. And finally, wave 5 is usually extended in commodities. It could be huge, wave 3 already travelled over $1,000, imagine where wave 5 could rocket then. It will depend on how deep wave 4 would retrace first. Stay tuned, share your thoughts below, lucky trades to all of you!
COMEX:GC1!Long
by aibek
EUR/USD : More Fall Ahead? Let's See! (READ THE CAPTION)By analyzing the EUR/USD chart on the three-day timeframe, we can see that the price was rejected from the 1.053 level, as per our main analysis, leading to a decline of over 300 pips down to 1.021. Currently, EUR/USD is trading around 1.036, and if the price stabilizes below 1.042, we can expect further downside movement. Keep an eye on the price reaction to the key levels marked on the chart! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
12
EUR/USD : Get Ready for the next Bearish move (READ THE CAPTION)By analyzing the #EURUSD chart on the 3-day timeframe, we can see that after rising to the upper limit of the supply zone at 1.046 - 1.055, the price has finally corrected and is currently trading around 1.042. If the price stabilizes below this level, we can expect further declines in EURUSD. However, keep in mind that in about 2.5 hours, we have the significant CB Consumer Confidence report, which could strongly impact the market! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
9
XAUUSD - Where will gold go?!US President Donald Trump has raised serious concerns among global economies and financial markets by threatening to impose punitive tariffs on the country’s largest trading partners. So far, he has imposed a 10% tariff on goods imported from China, delayed the implementation of 25% tariffs on imports from Mexico and Canada, and indicated that the European Union will be the next target of his trade policies. However, beyond the political hype, tariffs have important practical and economic effects. Tariffs are actually a type of tax on imported goods that, like other taxes, are a source of revenue for the government. Many countries impose these taxes to protect domestic production, as tariffs increase the price of foreign goods and therefore strengthen the competitiveness of domestic products. Trump, however, is using this tool not only to support domestic industries but also as leverage in his foreign policy. One example of this policy is his decision to postpone the imposition of new tariffs on imports from Mexico and Canada, which was made after the two countries agreed to implement stricter measures to control immigration and combat drug trafficking at their common borders. Tariffs were once a major source of revenue for the US government, but their share has declined significantly over the past century. According to an analysis of official data by the Federal Reserve Bank of St. Louis, as of last year, tariffs accounted for less than 3 percent of total federal revenue. If the tariffs were to be permanently imposed, as Trump initially proposed, the total additional costs to American importers over the next decade could reach $1.1 trillion. The nonpartisan Tax Foundation estimates that the policy could lead to tax increases of up to $110 billion by 2025 alone. The think tank also estimates that tariffs on China, which began under Trump and expanded under Biden, currently generate $77 billion in revenue for the U.S. government annually. Economic studies show that ultimately, American consumers and businesses will bear the brunt of these tariffs. While some foreign producers may lower their prices or accept some of the costs from American importers, in many cases, companies will raise the prices of their goods to compensate for the additional costs, and those costs will be passed on to consumers. A look at recent U.S.-China trade relations provides a clear example of the impact of tariffs. During Trump’s first term, he imposed a series of tariffs on Chinese imports, including steel, aluminum, and industrial engines. The policy has reduced China’s share of U.S. imports from about 20 percent in 2018 to 14 percent by 2023. Meanwhile, official demand for gold continues to play a major role in the precious metal’s market, keeping prices near record levels. It’s not just emerging market central banks buying gold to protect their currencies. Krishan Gopal, senior analyst for Europe, the Middle East, and Africa at the World Gold Council, pointed to data released by the International Monetary Fund (IMF) in a social media post that showed Taiwan’s central bank increased its gold reserves in October. According to the report, the official gold reserves of the Central Bank of Taiwan reached 424 tons three months ago. Despite the recent volatility in the gold market, analysts believe that the continued purchases of central banks will continue to be the main factor in maintaining the bullish trend of the precious metal. Joy Yang, global head of index product management at MarketVector Indexes, said that with the increasing geopolitical uncertainties caused by Trump’s economic policies and the slogan of “America First”, central banks are looking for more neutral assets to preserve the value of their reserves. According to him, these policies of the Trump administration have made gold a more attractive option for countries that want to protect themselves against economic risks and reduce their dependence on the US dollar and Treasuries. Katie Kriski, commodity market strategist at Invesco, also believes that the high demand for gold by central banks continues to create significant value for retail investors. He also predicted that this trend will not stop in the near future, citing the People’s Bank of China as one of the most prominent examples of this behavior in the global gold market. Gold is above the EMA200 and EMA50 on the 1-hour timeframe and is in its ascending channel. A correction towards the demand zone for gold will provide us with the next buying opportunity with a good risk-reward ratio.
FOREXCOM:XAUUSDLong
by Ali_PSND
XAGUSD - How far will silver go?!On the 4-hour timeframe, silver is above the EMA200 and EMA50 and is moving in its ascending channel. If the correction continues, we can see a demand range. We can buy in that range with an appropriate reward to risk. Gold demand in China is showing signs of a strong rebound, even as the physical flow of gold from the UK to the United States continues. Meanwhile, analysts at Heraeus Precious Metals have indicated that there is evidence suggesting that the growing demand for silver in the solar industry may have peaked. Last week, both the Federal Reserve and the European Central Bank acted in line with market expectations. The Federal Reserve decided to keep interest rates unchanged, while the European Central Bank implemented a 25-basis-point rate cut. Regarding silver, Heraeus analysts questioned whether China could sustain its rapid growth in the solar energy sector. They reported, “The total installed capacity of photovoltaic (PV) panels in China reached 886.66 gigawatts in 2024, marking a 46% increase compared to the previous year. This 277-gigawatt expansion exceeded industry forecasts and surpassed China’s own 2024 capacity projections by 17 gigawatts. However, while this growth is remarkable, it falls short of the record 54% increase seen in 2023, following a 28% rise in 2021. This trend suggests that China may be approaching its peak photovoltaic capacity growth.” The analysts also noted that, over the past two years, rapid solar energy growth has been driven by unprecedentedly low photovoltaic module prices, largely due to intense competition among manufacturers. They explained, “However, in 2025, polysilicon producers (GCL and Tongwei) have agreed to limit their production, while solar module manufacturers (Jinko, JA Solar, and Canadian Solar) have reached a minimum pricing consensus to restore profitability. This could drive up the price of solar modules, leading to higher capital costs for projects.” They added, “Projections indicate that 232 million ounces of silver were used in 495 gigawatts of photovoltaic applications in 2024. If installation rates remain steady year-over-year, solar demand for silver could reach a record 270 million ounces in 2025, an increase of 39 million ounces.” Meanwhile, U.S. Treasury Secretary Scott Bassett announced that the Trump administration is focusing on reducing the yield on 10-year Treasury bonds rather than the Federal Reserve’s short-term interest rate cuts. Over the weekend, Trump remarked that the Federal Open Market Committee’s decision not to cut interest rates was a “good” move, indicating his emphasis on 10-year yields. This policy could contribute to financial stability and help control inflation. However, some analysts have warned that Trump’s measures, along with spending cuts by his ally Elon Musk, may not have a significant impact, as a large portion of U.S. government expenditures remains allocated to healthcare, social security, and defense. According to a report by The Wall Street Journal, economists at Morgan Stanley no longer anticipate that the Federal Reserve will lower interest rates in March. They now predict only one rate cut in 2025, expected in June. As Morgan Stanley stated, “The implementation of tariffs earlier than expected is likely to halt the downward inflation trend at a higher level, making any short-term rate cuts impossible.”
OANDA:XAGUSDLong
by Ali_PSND
Gold is soaring, has it reached its all-time high?Gold still maintains the trend of bullish structure in the rising channel, and the daily line hits a new record high of 2882, ending the rising streak. The upward trend has expanded to $300 since 2582 on December 19. From the technical perspective of gold, how much upward space is there in this round of upward trend? When will the trend change? First of all, the daily and weekly RSI indicators are both at a high level close to 80 values. After the weekly chart hit a record high, the price deviated from the MA10 daily moving average, and the price was above the upper track of the Bollinger band. From the weekly and daily charts, as the increase further expands, the upward space is gradually compressed. Pay attention to the high and low after the historical high and the turning of the indicator signal after overbought. Trading ideas: Buy at a low price in the callback, but hold short-term and do not chase high prices. Pay attention to the opportunity of long-term band short at the historical high! The short-term structure is still relatively obvious, and the strong market is rising unilaterally. The bullish buyers of gold are almost out of control. Is 2900 no longer the target in February? This frequent rise may really reach an unprecedented high of 3,000 at the beginning of 2025! The current trend of gold is relatively resistant to declines. Without news or data catalysis, the bulls will not take profits and enter the market again for the time being. If it falls today, it will give an opportunity to adjust the low-price buying entry. Today, it is still bullish with 2,850 as the defense point. February is destined to have a historical high. Today, continue yesterday's low-price buying idea! Key points: First support: 2860, second support: 2852, third support: 2840 First resistance: 2878, second resistance: 2886, third resistance: 2898 Operation ideas: BUY: 2851-2854, SL: 2842, TP: 2880-2890; SELL: 2895-2898, SL: 2907, TP: 2860-2850;
OANDA:XAUUSDLong
by Jun-GoldAnalyst
Silver Rallies on Trade War Concerns and Strong Industrial DemanSilver rose above $32 per ounce on Wednesday, a three-month high, as trade and economic uncertainties fueled safe-haven demand. A weaker US dollar also supported prices. The US delayed 25% tariffs on Mexico and Canada but enforced a 10% levy on Chinese imports, prompting Beijing to impose its own tariffs and consider sanctions on US firms. Meanwhile, the Silver Institute projected a fifth consecutive year of market deficits in 2025, driven by strong industrial demand and retail investment, offsetting weaker jewelry and silverware consumption. Technically, the first resistance level will be 32.50 level. In case of this level’s breach, the next levels to watch would be 33.00 and 33.50. On the downside, 31.80 will be the first support level. 30.90 and 30.20 are the next levels to observe if the first support level is breached.
FOREXCOM:XAGUSD
by zForexcom
Gold Holds Near Record $2,860 as Rate Cut Expectations RiseGold held near $2,860 per ounce, a record high, as expectations of lower interest rates increased its safe-haven appeal. Weak US services data signaled a potential slowdown, leading investors to anticipate two Fed rate cuts this year. The ECB and BoC have already cut rates, and the RBI and BoE are expected to follow. Gold also gained support from geopolitical risks, including Trump’s remarks on Gaza and Iran, as well as concerns over the US-China trade war’s economic impact. Technically, the first resistance level will be 2879 level. In case of this level’s breach, the next levels to watch would be 2917 and 2950. On the downside, 2830 will be the first support level. 2790 and 2760 are the next levels to monitor if the first support level is breached.
EIGHTCAP:XAUUSD
by zForexcom
which is the next stop of xauusd?Technical Perspective: Gold's Bullish Trend Current Trend Gold’s bullish trend remains intact, with strong price action maintaining upward momentum. The precious metal has successfully breached the $2,850 level, signaling potential for a move toward $2,900. Bullish Channel Gold is trading within a well-defined bullish channel, which provides: Strong Support: At $2,835. Resistance Zone: Between $2,875 and $2,900. Key Indicator: As long as Gold holds above the $2,835 support level, the bullish momentum is expected to persist. Anticipated Trading Range (Today) Support: $2,835. Resistance: $2,875. The market is likely to continue testing these boundaries in the short term. Potential Breakout The technical setup suggests a high likelihood of breaking higher if additional external factors provide support, such as: Weaker Economic Data: Signals from U.S. economic reports. Dovish Fed Commentary: Hints at further interest rate cuts or accommodative monetary policy
OANDA:XAUUSDLong
by realmillionairefx
1
XAUUSD:5/2 Today's Market Analysis and StrategySpot gold technical analysis Daily resistance 2900, support below 27723 Four-hour resistance 2900, support below 2840 Gold operation suggestions: Gold fell slightly in the shock yesterday and stabilized at the 2807 mark, ushering in a strong bottoming out and rebounding, and continued to break through new highs. The overall gold price continued the strong unilateral upward trend of the bulls with the support of the 5-day moving average. From the 4-hour analysis, pay attention to the short-term support of 2840 below, and continue to be bullish when stepping back. Pay attention to the short-term resistance above 2870-80. The overall trading direction of stepping back and buying is maintained in this range. BUY:2840near SL:2835 BUY:2850near SL:2745 Technical analysis only provides trading direction!
TVC:GOLDLong
by ActuaryJ
Gold (XAUUSD) Bullish Continuation with Key Targets This chart shows a bullish trend for gold (XAUUSD) on the 1-hour timeframe, with price respecting an upward trendline and staying above key moving averages. A possible buy zone is identified near the trendline support, suggesting potential continuation to the upside. The first target is set around 2,880, while the second target extends to 2,901. The structure indicates break-of-structure (BOS) and change-of-character (ChoCh) points, confirming bullish momentum. If price holds above the buy zone, further upside movement toward the targets is likely. A break below the trendline could signal a short-term cor OANDA:XAUUSD rection.
OANDA:XAUUSDLong
by TRADE_CENTER_1
XAUUSD M15 | Bearish Breakout?Based on the M15 chart, Calling for a bearish break below the sell entry level at 2,860.73. This level has acted as key support, and a confirmed break below it could trigger further downside momentum. A successful breakdown would open the way towards our take profit at 2,844.96, aligning with a previous demand zone and the 50% Fibonacci retracement. Our stop loss is placed at 2,877.99, above the recent swing high, to allow for price fluctuations while maintaining a bearish outlook. If price fails to break below the pivot, it could signal a potential bullish rejection instead. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
Trump's policy promotes safe asset purchasesOANDA:XAUUSD increased sharply and reached a record high as uncertainty about Trump's policies prompted buying of safe assets, along with a decline in the US Dollar and US Treasury bond yields. OANDA:XAUUSD renews record highs as traders seek safe haven. The escalation of the Sino-US trade war has caused investors to flock to gold as a safe haven. Earlier this week, China responded to the new round of US tariffs by imposing tariffs on US goods, further escalating the trade war. US President Trump's rhetoric and policies continue to push investors toward gold. Amid the uncertainty caused by Trump's policies, gold prices will likely continue to reach new all-time highs in the near term. As Trump postponed 25% tariffs on Mexico and Canada for 30 days but imposed 10% tariffs on China, the uncertainty has investors concerned about the potential for disruption to global trade. As a result, they continue to seek safety in precious metals and abandon the US Dollar. Investors are looking to Friday's US nonfarm payrolls report for more clues on the outlook for interest rates. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold corrected slightly after reaching the target level at the 0.786% Fibonacci extension noted by readers in yesterday's publication. However, gold can still continue to renew with new all-time highs, once the 0.786% Fibonacci extension is broken it will tend to continue rising with the target then around 2,900 USD in the short term, more than 2,918 USD. Although the Relative Strength Index is entering the overbought area, there is no sign of a correction yet; if the RSI slopes below 80, it will be considered a signal for a correction. During the day, as long as gold remains in/above the price channel, above EMA21, it still has a bullish outlook. Notable levels will be listed again as follows. Support: 2,846USD Resistance: 2,878 – 2,900USD SELL XAUUSD PRICE 2889 - 2887⚡️ ↠↠ Stoploss 2893 →Take Profit 1 2882 ↨ →Take Profit 2 2877 BUY XAUUSD PRICE 2844 - 2846⚡️ ↠↠ Stoploss 2840 →Take Profit 1 2851 ↨ →Take Profit 2 2856
OANDA:XAUUSD
by Xayah_trading
Trade Idea: Long Position ( BUY LIMIT ) Analysis: 1. Technical Analysis: • Daily Chart: A strong bullish trend with higher highs and higher lows. RSI above 70 indicates overbought levels, but momentum remains intact. The MACD shows bullish momentum. • 15-Minute Chart: Clear bullish structure with a potential consolidation phase forming. MACD indicates bullish crossover while RSI remains neutral around 51. • 3-Minute Chart: Minor pullbacks visible, but the structure remains bullish with price trending above key moving averages. 2. Fundamental Analysis: • Recent market sentiment suggests safe-haven demand for gold due to potential economic uncertainty. • USD remains vulnerable amid Federal Reserve dovish tones. Trade Idea: Long Position Entry: 2865 (current minor support level) Stop Loss (SL): 2850 (15 points below entry) Take Profit (TP): 2895 (2:1 RRR, 30 points above entry) This setup offers a strong likelihood of success given the continuation of the current bullish trend and market conditions supporting gold prices.
OANDA:XAUUSDLong
by KeN-WeNzEl
1