Gold recommends short entry at 3030Last week, the daily RSI of gold fell slightly below the overbought area of 70, but combined with the intact structure of the three-month rising channel, the current retracement is more inclined to a technical correction rather than a trend reversal. From a spatial perspective, the 3030 line as the midpoint of the channel constitutes the primary resistance. If this position cannot be effectively broken through, the gold price may test the support of the 3000 integer mark downward. It is worth noting that the static resistance formed near 3050 resonates with the recent negative fundamentals, further suppressing the upward space.
The current strategy needs to fluctuate in the range. In the morning, focus on whether the opening high of 3026 can be recovered. If it stabilizes, it will be seen to 3035, the opening point of last week; on the contrary, if it falls below the short-term moving average support of 3010, the short position can follow the trend to the expected level of 3000. It is recommended to adopt the range trading mode, and operate back and forth between high and low in the range of 3000-3035. Technically, we need to be alert to the stagflation signal formed by the continuous shortening of the MACD red column and the closing of the Bollinger Bands. It is recommended to avoid chasing highs and focus on the impact of the US CPI data on the market at noon.
Gold operation suggestions: short near the rebound of 3030-3035, stop loss 3042, target 3005
Xauusdlong
Gold 100% Trading SignalsGold opened on Monday with a rebound range fluctuation. At present, it has reached the highest point of 3032 and then retreated under pressure. The lowest point reached 3014. Our article also gave the upper 3030-35 line as the main suppression range fluctuation. We will continue to pay attention to the range fluctuation. The operation is still mainly to do more on the retracement. If it continues to strengthen and break through, the subsequent decline may just be a correction of the bulls. The short-term suppression point above gold will be maintained at the 3035 line. As long as the correction does not break the low point near 3000 last Friday, we will continue to look for more opportunities on the retracement.
From the current 4-hour analysis, the upper short-term resistance is still focused on 3035, the lower short-term support is focused on 3015-20, and the focus is on the support near 3000-3005. The overall main tone of low-multiple participation remains unchanged. For the middle position, watch more and do less, and be cautious in chasing orders.
Gold operation strategy:
1. Buy when gold falls back to 3015-3020, add more when it falls back to 3000-05, stop loss at 2995, target at 3035-3040, continue to hold if it breaks
Gold Trading SignalsOn Friday night, it bottomed out at 3000 and rebounded, and rebounded to close at 3023 in the early morning. This position is very critical. On the one hand, it is in the middle of the decline of 3038-3000, which can go up or down; on the other hand, the 618 golden section is just at 3023. If it opens here on Monday, there are technical reasons to support it. If it breaks the short-term line, it can only rely on the 3038 line pressure to be bearish.
Therefore, for gold on Monday, don’t blindly chase it when it opens in the morning, as it is easy to cause market interruption after the weekend. You can try shorting by relying on the 3038 line pressure above, and you can see more rebounds around the 3010 line support below. If there are changes in the specific market, it will be given in real time during the trading session.
In terms of trading, Jinsheng’s expected analysis layout was fully completed at the end of Friday yesterday, and the market was accurately realized. The short position at 3043 in the morning was successfully closed at 3030 at noon, earning 13 US dollars; the short position at 3033 rebounded in the afternoon, and the position was reduced at 3017 in the evening, with the remaining profit at 3006, earning 27 US dollars; the two orders made a profit of 40 US dollars, and the weekly line ended perfectly.
Gold recommends high-short and low-longThe rise of the US dollar index benefited from Trump's tariff policy. Just yesterday, Trump suddenly announced that a 25% tariff would be imposed on the purchase of oil and natural gas from Venezuela. At the same time, he claimed that some tariffs would be reduced or exempted. The market's tense nerves were released, and the US dollar index rose sharply. As the end of the month approaches, the market needs to rebalance its investment portfolio and increase the allocation of US dollars to hedge against unknown risks, pushing the US dollar to continue to rise. Yesterday, the market news was light. Today, the market will welcome the speech of Federal Reserve Board Governor Kugler on "Economic Outlook and Entrepreneurship". Immediately afterwards, New York Fed Williams will speak at a public event. In addition, there is the March Conference Board Consumer Confidence Index at 10 pm. The above events and data are concentrated in the evening time today, which will have a certain impact on the market and need to be paid attention to. The price of gold has begun to retreat from its historical high, and the safe-haven buying force has eased. This retreat momentum is expected to intensify further, especially in terms of technology.
At present, the price of gold is running in a similar triangle range, and the correction cycle is extended. On the one hand, the bulls rebounded after the pressure of the high, and it is difficult to return to the strong position directly; on the other hand, the retracement is supported by the key top and bottom conversion support band of 3005-3000. This trading day focuses on the gains and losses below the low of 3000 at the end of last Friday, and the breakthrough below the upper 3030 pressure line. If it cannot break through, there is a high probability of oscillating around this range during the day. Gold operation suggestion 1: short near the rebound of 3020-3025, stop loss 3030, target 3005. Gold operation suggestion 2: long near the retracement of 3000-3005, stop loss 2995, target 3020
Gold Bullish Frenzy? Watch for Reversal SignalsAt present, it seems that the situation for the bulls is promising. However, the market is not necessarily so. This kind of behavior to induce more long positions is quite normal in the market.
Market makers often operate in a strategic way. After they have reaped the profits from the bulls, it's highly likely that the next target will be the bears.
Looking at the gold market specifically, the price of gold is currently at a high level and is bound to decline. This frenzied bullish trend simply cannot be sustained, and this is an inevitable outcome. The current gold price has seriously deviated from its normal track. One could even
say that it has completely derailed or "strayed from the norm". Such a situation is clearly unreasonable, and a return to a reasonable level is inevitable.
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
Gold (XAU/USD) Technical Analysis – Next Week Big Move?The daily chart of Gold Spot (XAU/USD) presents a well-structured triangle pattern breakout, a strong uptrend, and a critical resistance zone near all-time highs (ATH). The price action suggests that gold is in a bullish phase but approaching a key decision point where it could either break higher or face a temporary pullback.
This analysis provides a detailed breakdown of the pattern, key levels, potential scenarios, and trading strategies for the coming week.
1. Technical Chart Breakdown
A. Triangle Pattern Breakout (Bullish Continuation)
The chart shows a symmetrical triangle formation, which typically signals a consolidation phase before a major price movement.
After a period of accumulation within the triangle, gold broke out upwards, confirming a bullish continuation pattern.
This breakout was supported by strong volume and buying pressure, reinforcing the trend strength.
B. Trendline & Support Levels (Key Areas for Buyers)
A rising trendline has been acting as dynamic support, confirming that the market remains in a bullish structure.
Major Support Levels:
$3,000 – A psychological support level that may act as a bounce zone in case of rejection at resistance.
$2,885 – A well-defined horizontal support level, previously tested multiple times.
If the price falls below $2,885, it could signal a trend reversal or a deeper correction.
2. Key Price Levels & Market Sentiment
A. Resistance & Target Levels (Where Sellers Might Step In)
Primary Resistance Zone: $3,137 - $3,150
This level represents a combination of all-time high (ATH), historical resistance, and a key breakout target.
If the price breaks and holds above this zone, it could trigger further upside towards $3,200 - $3,250.
However, if sellers dominate at this level, a pullback or correction could occur.
B. Stop-Loss & Risk Management Considerations
Traders should be cautious around the resistance zone and place stop-loss levels strategically to manage risk.
Stop-Loss Suggestions:
For Long Trades: Below $3,000 (to protect against fake breakouts).
For Short Trades: Above $3,150 (if price rejects resistance and starts a reversal).
3. Trading Strategy for Next Week
Scenario 1: Bullish Breakout & Continuation
If gold breaks and sustains above $3,137, it will confirm a bullish continuation.
Entry Strategy: Look for a retest of the breakout level ($3,100 - $3,137) before entering long positions.
Profit Targets:
First Target: $3,200
Second Target: $3,250+
Stop-Loss: Below $3,000, to protect against sudden reversals.
Scenario 2: Rejection at Resistance & Pullback
If gold fails to break $3,137 and forms a bearish rejection candle, it may indicate a short-term pullback.
Short Entry Strategy: Wait for confirmation of rejection with bearish price action signals (e.g., bearish engulfing, long upper wick).
Downside Targets:
First Target: $3,000
Second Target: $2,885 (major support)
Stop-Loss: Above $3,150, to avoid being trapped in a false breakdown.
Scenario 3: Bearish Reversal (Break Below $2,885)
If gold falls below $2,885, it could signal a potential trend reversal.
Short Trade Setup: Enter below $2,885, targeting $2,800 - $2,750 in the medium term.
Stop-Loss: Above $2,900, in case of a false breakdown.
4. Indicators & Confirmation Signals
A. Volume & Candlestick Patterns
Watch for high volume during breakouts to confirm strength.
Candlestick patterns such as bullish engulfing, hammer (for support bounces), or shooting star (for resistance rejection) can provide strong confirmation signals.
B. RSI (Relative Strength Index) & Overbought Conditions
If RSI is above 70, it could indicate that gold is overbought, increasing the likelihood of a pullback.
If RSI stays above 50 but below 70, it confirms bullish strength.
C. Moving Averages for Trend Confirmation
50-day and 200-day moving averages can act as additional support and resistance zones.
If the price is above both moving averages, it confirms the bullish trend.
5. Conclusion – What to Watch for Next Week?
✅ If price breaks and holds above $3,137 → Expect continuation towards $3,200 - $3,250.
✅ If price rejects at $3,137 → Watch for a pullback towards $3,000 or $2,885 for re-entry.
✅ If price drops below $2,885 → Expect deeper correction with a shift in trend structure.
📌 Key Takeaway: Gold remains bullish, but traders should watch the resistance level at $3,137 closely for confirmation of a breakout or a possible reversal. Risk management is crucial in case of unexpected market shifts.
Would you like me to add more insights using Fibonacci levels or historical trends? 📊🚀
The short-term short positions in gold are now yielding profits!Currently, the market continues to maintain a range - bound oscillation pattern. In the short term, there are no conditions for a significant unilateral upward or downward movement. In terms of short - term trading, the price is currently trading at $3032. From the perspective of intraday trading strategies, this price level can be regarded as an entry point for short positions. Today, special attention should be paid to the $3020 level, which serves as the daily demarcation line between bulls and bears. If the price drops from a high level as expected, effectively breaks below the $3020 level and closes below this price, the short - side is expected to witness a sharp acceleration in the bottom - seeking trend.
Since the week began, considering global economic trends and gold market volatility, we've steadily shorted gold. All signals, from our in - depth analyses, have proven accurate. I'll keep giving accurate signals, factoring in market changes.
XAUUSD
sell@3030-3035
tp:3025-3015
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
#XAUUSD:$3200 Next Big Move, Bulls Are Like to DominatePrice has been bullish since many months as US Dollars continue to decline, the fear of further decline in dollar value is triggering the gold market to go all time high. There is a big possibility that price is likely to go upwards of region of 3200$. We will have to monitor the market next week since we have big news week coming up.
Like and Comment to Show us the support 🚀❤️
Team Setupsfx_
Sell@3080Today, the XAUUSD market is mired in extraordinary volatility. The uptrend in prices has continued unabated, with values rocketing to $3086. This powerful rally has inflicted heavy losses on bearish traders, leading to a mass liquidation of their positions.
Currently, the market is in a “double - whammy” situation, where both bulls and bears are feeling the pinch. This is the result of large - scale capital inflows. Savvy institutional investors and market players are deploying capital strategically, aiming to maximize profits.
Despite this current upward surge, we remain steadfast in our bearish outlook. Our in - depth analysis of multiple factors—including long - term economic trends, geopolitical developments, and technical indicators—reinforces our conviction. Many fundamental indicators suggest that the current rally is likely a short - lived market aberration. As the market continues to digest various macroeconomic data, we anticipate downward pressure to build, eventually reversing the current upward trend.
💎💎💎 XAUUSD 💎💎💎
🎁 Sell@3085 - 3080
🎁 TP 3040 3030 3020 3010 3000
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Safe Haven Demand - Gold Makes New ATH 3089⭐️GOLDEN INFORMATION:
This triggered swift responses from global leaders, with Canada and the European Union (EU) vowing to retaliate against President Trump’s trade measures.
In the US, the labor market remains resilient, as reflected in the latest unemployment claims report, while the economy continues to show strength following the release of fourth-quarter 2024 Gross Domestic Product (GDP) data. Although housing data saw some improvement, it confirmed the broader slowdown in the sector.
Meanwhile, money markets have factored in 64.5 basis points of Federal Reserve rate cuts for 2025, according to interest rate probabilities from Prime Market Terminal.
⭐️Personal comments NOVA:
growth, gold becomes a safe haven investment channel. continue to create new ATH
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $3088 - $3090 SL $3095
TP1: $3080
TP2: $3070
TP3: $3060
🔥BUY GOLD zone: SCALPING: 3066, 3057
🔥BUY GOLD zone: $3034 - $3032 SL $3027
TP1: $3040
TP2: $3050
TP3: $3060
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD Bullish Continuation - Will Buyers Push Toward 3,084$?OANDA:XAUUSD is currently trading within an ascending channel, maintaining a bullish structure. The price has broken above a key resistance zone which has now flipped to support, aligning with a potential bullish continuation.
With momentum favoring the upside, the price could move toward the 3,084$ level, which aligns with the midline of the channel. However, a failure to hold this level could indicate a potential shift in momentum.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you might have! 🚀
GOLD DAILY CHART MID/LONG TERM UPDATEGOLD Daily Chart Update: Precision Analysis for Confident Trading (10th Feb 2024)
Hello Traders,
Here’s the latest update on the GOLD daily chart that we’ve been meticulously tracking and trading. Below, we provide an enhanced breakdown of recent movements, updated key levels, and actionable insights for the days ahead.
Recap of Recent Success in our previous chart:
Our recent analysis delivered remarkable accuracy:
* ENTRY LEVEL 2744: ✅ DONE
* TARGET TP1 (2807): ✅ DONE
* TARGET TP2 (2870): ✅ DONE
* EMA5 crossed and held above both Entry Level (2744) and TP1 (2807), confirming bullish momentum toward TP2 (2870). ✅ DONE
* The FVG zone at 2790 acted as strong support, facilitating upward momentum. ✅ DONE
* EMA5 correction at 2839 was completed successfully. ✅ DONE
* GOLD achieved a new ATH at 2886 after hitting TP2 (2870). ✅DONE
What’s Next for GOLD?
The price is now oscillating between critical weighted levels, with gaps both above and below 2870.
Key Levels to Watch:
Resistance Level: 2870
* A daily candle close above 2870 will confirm bullish momentum, with potential targets toward higher levels.
* Failure to close above this level may trigger a short-term reversal.
EMA5 Behavior:
* Or If EMA5 crosses and locks above 2870, it strengthens the bullish case.
* If EMA5 fails to hold, expect a pullback to key GOLDTURN levels.
Updated Support Levels (GOLDTURN Zones):
2801
2744
2671
2595
Key Scenarios:
* A bullish scenario could see the price retesting 2870 as resistance before pushing higher.
* A bearish scenario may unfold if the price fails to sustain above 2870, leading to a retest of
Recommendations:
* Capitalize on Dip Opportunities: Use smaller timeframes (1H, 4H) to trade around GOLDTURN levels, targeting 30–40 pips per trade.
* Stay focused on shorter trades in this range-bound market to manage volatility effectively.
Long-Term Bias:
Maintain a bullish outlook while viewing pullbacks as buying opportunities.
Accumulate positions near key support levels for a safer approach instead of chasing highs.
Final Note:
Trade with confidence and precision. Our analysis ensures you’re well-prepared to navigate the evolving market landscape. Stay updated with our daily insights across multiple timeframes for deeper clarity.
Thank you for your continued trust! Don’t forget to like, share, and comment to support our work.
Best regards,
The Quantum Trading Mastery Team
GOLD 4H ROUTE MAP TRADING PLAN / READ CAPTION CAREFULLYGOLD 4H Chart Analysis – 12th Feb 2025
Dear Traders,
Here’s the latest update on our 4H chart. It’s been a productive week! If you reviewed our previous chart on the 11th of February, today’s analysis should help guide your trading plan for the week.
Chart Color Codes:
* Red boxes (right): Support levels labeled as GOLDTURN LEVELS. A small red circle marks activation after short reversals.
* White GOLDTURN LEVELS (top): Not yet activated.
* Green boxes on the top(left): New Take Profit Targets.
* Green boxes with red outlines: Achieved targets.
* Grey button: Entry point from the 11th of February.
Review of Previous Chart:
Entry Level: 2814
Take Profit 1: 2850.15 ✅ (Hit)
Take Profit 2: 2876.95 ✅ (Hit)
Take Profit 3: 2903.76 ✅ (Hit)
Take Profit 4: 2925.85 ✅ (Hit)
We observed three reversals of 20–40 pips, highlighted with red circles.
New Take Profit Levels Added: TP5, TP6, TP7, and TP8
Key Focus Areas:
Identify Key Levels, Resistance, Support, and watch EMA5 closely. EMA5 behavior will determine the next price direction.
Key Levels:
Key Level: 2900
Resistance Levels: 2925, 2952, 2984, 3017, 3052
Support Levels: 2876, 2852, 2828, 2803, 2776, 2747
EMA5 Status:
Current EMA5: 2898.14
Bullish Targets
EMA5 cross and hold above 2900, will open the following bullish target 2925 again
EMA5 cross and lock Above 2925, will open the following bullish target 2952
EMA5 cross and lock Above 2952, will open the following bullish target 2984
EMA5 cross and lock Above 2984, will open the following bullish target 3017
EMA5 cross and lock Above 3017, will open the following bullish target 3052
Bearish Targets
EMA5 hold and cross Below 2900: will open the following bearish target 2876
EMA5 cross and lock Below 2876: will open the following bearish target 2852
EMA5 cross and lock Below 2852: will open the following bearish target 2828
EMA5 cross and lock Below 2828: will open the following bearish target 2803(Retracement Range)
EMA5 cross and lock Below 2803: will open the following bearish target 2747 (Swing Range)
Trading Plan:
* Stay bullish and buy pullbacks from key levels.
* Avoid chasing tops—focus on buying dips.
* Use smaller timeframes for entries at Goldturn levels.
* Aim for 30–40 pips per trade for optimal risk management.
* Each level can yield 20–40+ pips reversals.
Trade with confidence and discipline. Stay tuned for our daily updates! Please support us with likes, comments, and follows to keep these insights coming.
📉💰 The Quantum Trading Mastery
Gold (XAU/USD) – Triangle Breakout & Bullish Trade Setup Overview
This 1-hour Gold Spot (XAU/USD) chart showcases a well-defined symmetrical triangle pattern, which has successfully broken out to the upside. This breakout indicates strong bullish momentum, setting up a potential rally towards $3,107 and beyond.
The analysis below will cover:
✅ Triangle Pattern Formation & Breakout Explanation
✅ Key Technical Levels (Support, Resistance, ATH)
✅ Entry, Stop Loss, & Take Profit Strategies
✅ Risk Management Considerations
✅ Final Trade Setup & Market Sentiment
Let’s dive into the details.
1️⃣ Chart Pattern: Symmetrical Triangle Formation
What is a Symmetrical Triangle?
A symmetrical triangle is a common continuation pattern in technical analysis that forms when price consolidates within two converging trendlines. This structure indicates a period of indecision in the market before a potential breakout occurs.
When price breaks above the upper trendline, it signals a bullish continuation.
If price breaks below the lower trendline, it suggests a bearish move.
In this case, gold has broken above the upper resistance trendline, signaling a continuation of the existing uptrend.
Pattern Breakdown (Step by Step):
Triangle Formation: The price made higher lows and lower highs, compressing within the pattern.
Price Squeeze: As the market approached the apex of the triangle, volatility decreased, indicating an imminent breakout.
Breakout Confirmation: A strong bullish candle closed above the resistance trendline, validating the pattern and confirming bullish momentum.
2️⃣ Key Technical Levels & Zones
🔹 Support & Resistance Zones:
Support Level: $3,012 - $3,020 (Highlighted as a strong demand zone where buyers stepped in).
Resistance Level: $3,080 (Previously acted as strong resistance but has now turned into support post-breakout).
All-Time High (ATH): Marked just below $3,090, where price previously struggled to break through.
🔸 Breakout Target & Price Projection
Breakout Level: The breakout happened above $3,080, confirming an uptrend continuation.
Target Calculation:
The height of the triangle is projected upwards from the breakout point.
This gives us a price target of $3,107 - $3,120 in the short term.
3️⃣ Trading Strategy Based on Breakout
✅ Entry Strategy:
Aggressive Entry: Entering immediately after the breakout candle closes above $3,080, riding the momentum.
Conservative Entry: Waiting for a potential pullback to $3,080 (now acting as support) before entering a long position.
⛔ Stop Loss Placement:
Ideal Stop Loss: Below the previous support zone at $3,012, ensuring protection against fake breakouts.
Tighter Stop Loss: Just below the breakout point at $3,065, in case of a minor retracement before moving higher.
🎯 Profit Target Strategy:
Short-Term Target: $3,107, based on the triangle’s measured move.
Extended Target: If momentum sustains, $3,120+ could be achieved, aligning with previous bullish trends.
4️⃣ Risk Management & Market Considerations
Risk Factors to Monitor:
🔸 Volume Confirmation: A breakout with high trading volume is a stronger signal than one with low volume.
🔸 Market Fundamentals: Events like US inflation data, Federal Reserve rate decisions, and geopolitical tensions can impact gold prices.
🔸 False Breakout Risk: If price falls back below $3,080, the breakout might be invalid, signaling a potential reversal.
Risk-Reward Ratio:
📌 Entry: $3,080
📌 Stop Loss: $3,012 (Approx. 68 points risk)
📌 Target: $3,107 - $3,120 (Approx. 27-40 points reward)
📌 Risk-to-Reward Ratio: 2:1+, making this a favorable trade setup.
5️⃣ Market Sentiment & Final Trade Setup
📈 Bullish Outlook:
The successful breakout above the symmetrical triangle signals continued bullish strength.
Price is holding above the previous resistance zone at $3,080, now acting as support.
The next resistance target is $3,107 - $3,120, aligning with previous swing highs.
🔴 Bearish Scenario (If Invalidated):
If price falls back below $3,080, it could indicate a false breakout.
A break below $3,065 might lead to a retest of the $3,012 support zone.
📊 Final Trading Plan:
✅ Buy (Long) at: $3,080 - $3,085
🎯 Target 1: $3,107
🎯 Target 2: $3,120+ (Extended Target)
⛔ Stop Loss: $3,012
🔥 Conclusion: Bullish Bias with Caution
Gold (XAU/USD) has successfully broken out of the symmetrical triangle, signaling a strong bullish continuation. As long as price holds above $3,080, the bias remains bullish, targeting $3,107 - $3,120.
💡 Key Takeaway: Watch for a pullback and retest of $3,080 before entering, ensuring confirmation before committing to the trade.
🚀 Final Outlook: Bullish – Gold is positioned for further upside if momentum continues!
XAUUSD:The price of gold has risen strongly once againYesterday's oscillatory price action for market cleansing and the continuous intensification of recent US tariff policies have once again stoked up the global risk sentiment. Coupled with the continuous increase in gold holdings by global physical gold-invested institutional ETFs, the bullish sentiment has propelled the price of gold to climb steadily.
The opening of today's morning session has once again maintained the strong momentum and kept breaking historical records. Currently, in terms of trading strategies, it is advisable to mainly go long on pullbacks. Pay attention to the resistance level near the trend line at around 3080 on the upside. When the price reaches below 3080 for the first time, a short position can be taken.
XAUUSD Trading Strategy:
buy@3050-3055
TP:3070-3080
sell@3075-3080
TP:3055-3050
Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
GOLD: Short, Target 3041-3036After yesterday's rise, some gold indicators have formed a relatively obvious short position, so in today's trading, I personally recommend focusing on the short position.
During the trading process, we need to pay attention to the support points of 3046/3037/3032, the high point of resistance of 3060, and the possible new high of 3067.
From the overall situation, it is unlikely to break through 3067 today, but it is more likely to fall to around 3037.
Gold breaks out for new highs. Ideal for shorting!Today, major funds in the gold market are rapidly covering their short positions, triggering a short - term technical rebound. Despite the bearish outlook remaining solid from a fundamental perspective, investors should prioritize prudent position sizing and effective risk management. Notably, once this corrective upward movement concludes, the market may face a more pronounced downward trend.
XAUUSD
sell@3050-3055-3060
tp:3035-3025
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
How do you view the market?Market Sentiment Aspect
During sideways consolidation and oscillation with limited price swings, bullish sentiment may quietly build. When the XAUUSD price breaks through the resistance, this sentiment is unleashed, sparking more buying. Moreover, large institutional investors and professional traders may use technical analysis to establish long positions early. As the price breaks through, their profitable long positions draw in more buyers, solidifying the bulls’ dominance.
Presently, within the XAUUSD market, the 3060 level has emerged as a highly significant resistance zone, effectively impeding upward price momentum. In light of this persistent and robust resistance at current elevated price levels, we intend to sustain a steadfastly bearish trading stance.
💎💎💎 XAUUSD 💎💎💎
🎁 Sell@3055 - 3065
🎁 TP 3040 3030 3020 3010 3000
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed,Follow the link below to get my daily strategy updates
How d'we beat 'em? Sell@3060Energy Accumulation during Sideways Consolidation
The consecutive days of sideways consolidation represent a temporary equilibrium between the bulls and the bears. During this period, the bulls are constantly accumulating strength, while the bears' strength is gradually being depleted. Just like a compressed spring, the longer the sideways consolidation lasts, the greater the upward momentum accumulated, which creates conditions for a subsequent breakout.
Breakthrough of Key Resistance Level
The $3040 level is an important resistance level. When the gold price successfully breaks through this level, it triggers follow - up buying from a technical perspective. According to technical analysis theory, breaking through a key resistance level is an important signal of trend continuation or reversal. Once the resistance level is broken, it will attract a large number of technical investors to follow suit and buy, driving the gold price to rise further. Meanwhile, after the resistance level is broken, the original resistance level will turn into a support level, providing support for the further rise of the gold price.
Market Sentiment Aspect
During the period of sideways consolidation and oscillation, although the price fluctuations are relatively small, the bullish sentiment in the market may gradually accumulate. Once the gold price breaks through the resistance level, this bullish sentiment will be ignited, triggering more buying behaviors from investors. In addition, some large institutional investors or professional traders may, through means such as technical analysis, lay out long positions in advance. When the gold price breaks through the resistance level, their long positions start to generate profits, thus attracting more investors to follow suit and buy, forming a situation where the bulls take the lead.
💎💎💎 XAUUSD 💎💎💎
🎁 Sell@3055 - 3065
🎁 TP 3040 3030 3020 3010 3000
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed,Follow the link below to get my daily strategy updates