Gold is on Fire—But Can Bulls Hold the Line?Gold has been surging, and while I expected it to hit $3,000 this year, I definitely didn’t anticipate it happening in the first semester...
So, let’s address the big question: Can the bulls maintain this level?
Looking at the chart, since early March, TRADENATION:XAUUSD has climbed 2,000 pips (around 7%), but what stands out is that 1,500 of those pips (5%) came in just one week.
No matter how strong the bullish momentum and fundamentals are, I believe this kind of rally is unsustainable.
Technical Outlook
After pulling back from its all-time high of 2,950, gold made a false breakout, followed by an almost vertical move upward, briefly interrupted by two consolidation phases.
Fundamental Factors
The FOMC meeting is today, and while rates are expected to remain unchanged, the real market mover will be Jerome Powell’s press conference. His comments could trigger significant price action.
My Take
I expect gold to start correcting after the press conference, regardless of what Powell says. However, this is a highly risky trade, so I’ll stay on the sidelines until I see a clear reversal signal.
Final Thoughts
At the time of writing, gold is consolidating within another rectangular range, with resistance at 3,040. If we see a spike above and then a drop back to around 3,030, that would signal ( for me ) that gold has topped—at least for now. In that case, I’ll be looking to short with a target of at least 500 pips. Until then, my approach is simple: wait and see.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Xauusdsignal
Unpacking the Bitcoin-Gold Correlation and its Current Dynamics
The narrative of Bitcoin as "digital gold" has gained significant traction, fueled by its perceived scarcity, decentralized nature, and potential as a hedge against economic uncertainty. Recent market movements, particularly the surge in gold prices and the subsequent, albeit delayed, reaction in Bitcoin, have brought this correlation into sharp focus. While the relationship isn't always perfectly synchronized, the underlying dynamics suggest a fascinating interplay between these two assets.
Gold's recent climb to an all-time high is largely attributed to escalating geopolitical tensions, particularly the resurgence of tariff war concerns. In times of uncertainty, investors often flock to traditional safe-haven assets like gold, seeking stability and protection against inflation. This surge in gold prices has naturally sparked renewed interest in Bitcoin, which, despite its volatility, is increasingly viewed as a viable alternative store of value.
However, the correlation isn't a simple, immediate mirroring of price movements. There's often a noticeable delay, with gold leading the way and Bitcoin following suit. This lag can be attributed to several factors. Firstly, gold's established status as a safe-haven asset gives it a head start in attracting investor capital during times of crisis. Secondly, Bitcoin's relatively nascent market is more susceptible to speculation and sentiment-driven fluctuations, which can introduce delays and variations in its price response.1
Currently, Bitcoin is navigating a period of consolidation, trading within a narrow range of $82.3k to $84.5k.2 This consolidation follows a "sell-the-news" event, likely related to a major market catalyst that failed to meet overly optimistic expectations. Consequently, Bitcoin is facing significant bearish pressure, evidenced by the accumulation of short positions. The pattern breakdowns observed by analysts further reinforce this bearish sentiment, suggesting a potential retest of the $78k support level.
Despite these challenges, the renewed interest in Bitcoin, driven by gold's surge, offers a glimmer of hope for a potential rebound. The "digital gold" narrative is gaining momentum, particularly among younger investors who are more comfortable with the digital asset landscape. If Bitcoin can successfully decouple from the immediate bearish pressures and capitalize on the broader trend of safe-haven asset allocation, it could witness a significant recovery.
However, several factors could impede this recovery. The significant short positions indicate a strong bearish sentiment, which could lead to further price declines if not countered by substantial buying pressure. Moreover, Bitcoin's inherent volatility remains a significant risk factor. Sudden market events or regulatory changes could trigger sharp price swings, disrupting any potential recovery.
Looking ahead to 2025, the Bitcoin price prediction remains a subject of intense debate. While some analysts foresee a potential breakout, fueled by increasing institutional adoption and the diminishing supply of new Bitcoin, others remain cautious, citing the persistent bearish pressures and the potential for further market corrections.
The "Bitcoin Price Prediction 2025: BTC Eyes Breakout, But Sellers Still In Control" sentiment accurately reflects the current market dynamics. The long-term potential for Bitcoin remains undeniable, but the short-term outlook is clouded by uncertainty. The interplay between bullish and bearish forces will likely continue to shape Bitcoin's price trajectory in the coming months.
The correlation with gold, while not a perfect predictor, provides valuable insights into Bitcoin's potential as a safe-haven asset. As gold continues to attract investor capital amid global uncertainties, Bitcoin's appeal as "digital gold" is likely to grow. However, the delayed response and the inherent volatility of the cryptocurrency market necessitate a cautious approach.
To navigate this complex landscape, investors should closely monitor both gold and Bitcoin price movements, paying attention to key technical indicators and fundamental developments. The accumulation of short positions, the potential retest of support levels, and the broader macroeconomic environment should all be considered when making investment decisions.
In conclusion, the Bitcoin-gold correlation provides a fascinating lens through which to understand the evolving dynamics of the cryptocurrency market. While the delayed response and the inherent volatility of Bitcoin present challenges, the growing recognition of its potential as "digital gold" offers a compelling narrative for long-term growth. However, in the immediate future, Bitcoin must navigate the current bearish pressures and capitalize on the renewed interest driven by gold's surge to achieve a meaningful rebound. The battle between buyers and sellers will continue to shape Bitcoin's price trajectory, and only time will tell whether the "digital gold" narrative will ultimately prevail.
xauusd: Do you want to sell XAUUSD now?Is there a reasonable time to trade in a rising market?
The answer is yes.
Since the call between Trump and Putin has not ended or started, the uncontrollable factors have pushed the market's risk aversion sentiment to continue to rise. During the transaction, buy at a low level and make a profit.
The bold ones make money and have food to eat. The timid ones can only starve and lose money,
Buy now and wait until 3035 is a good choice
XAUUSD: Continue to shortGold breaks through strongly and reaches 3030-3040 directly. Don't hesitate, continue to short
xauusd sell@3030-3040
Currently, my account balance has grown from an initial $40,000 to $700,000 in profits. I will share accurate trading signals every day, and you have the option to copy my trading orders. If you're interested in getting these signals, you can click on the link below this article.
XAUUSD Today's strategyXAUUSD has climbed to 3017, clearly demonstrating the continuous upward trend of the gold price. This upward movement is mainly driven by the surging demand for risk aversion and the strong market expectations of interest rate cuts.
Specifically:
Escalation of Geopolitical Tensions: The additional tariffs imposed by the Trump administration on EU goods have significantly intensified global trade tensions. At the same time, the deterioration of the situation in Yemen has further heightened geopolitical risks. These unstable factors have made investors deeply concerned, prompting them to seek the safe-haven function of gold. Consequently, the demand for gold has soared, driving up its price.
Key Influencing Factors in the Future: The Federal Reserve's interest rate decision meeting from March 18th to 19th will be a core factor influencing the future trend of the gold price. If the meeting sends out dovish signals, further strengthening the market's expectations of interest rate cuts, the gold price is expected to continue its upward trend. Conversely, if the Federal Reserve emphasizes the stickiness of inflation and is cautious about interest rate cuts, the gold price may face some correction pressure.
XAUUSD
🎁 Sell@3020 - 3025
🎁 SL 3030
🎁 TP 3005 - 3000
🎁 Buy@3000 - 3005
🎁 SL 2992
🎁 TP 3015 - 3020
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
If you also aspire to achieve financial freedom,Follow the link below to get my daily strategy updates
XAUUSD:Consider flipping to shortThe morning's bullish gold strategy has turned profitable. Gold has seen a rapid spike-and-drop on the 1-hour chart, indicating emerging short-term resistance. As long as it fails to hit a new high, the resistance around 3028 will solidify, potentially triggering a reversal. Caution is needed when chasing long at current highs to avoid a sharp correction.
Market conditions are real - time. Gold had a strong bullish trend, but high market enthusiasm calls for prudence. Try shorting at high levels under the resistance.
Latest trading strategy:
sell@3021
sl:3030
tp:3000-2900
I always firmly believe that profit is the sole criterion for measuring strength. I will share accurate trading signals every day. Follow my lead and wealth will surely come rolling in. Click on my profile for your guide.
XAUUSD Continue to Long or Start to Short?Gold witnessed a substantial upward surge today, showing no chance of a pullback. When the market becomes overly fervent, caution is necessary as gold may stage its final speculative spree.
Gold trading strategy:
sell @:3030-3034
buy @:3000-3005,2983-2987
My current gold trading strategies and signals have been consistently accurate. If you also want free, precise signals, you can visit my profile to access them.
Historic Milestone for Gold: My Outlook and Key Support LevelsLast Friday, for the first time in history, Gold printed a "3" handle, and since the beginning of the year, it has already climbed an impressive 4,000 pips.
However, what matters most now is what Gold will do next.
As we can see on the chart, after reaching a new all-time high (ATH) at 3005, Gold has started to pull back slightly and has recently formed a support level around 2980.
As I also mentioned in my Friday analysis, although I expect a correction, I don’t see Gold dropping all the way back to test the previous ATH zone at 2950 , which should now act as a strong support. Instead, even if Gold breaks below the newly formed 2980 support, I will be watching for reversal signs between 2965 and 2970, and from there, I expect a new bullish wave and a fresh all-time high.
In conclusion, my strategy remains unchanged: buy the dips.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
XAUUSD Today's strategyYesterday, the price of gold fluctuated within our marked range, so in the short term, both bulls and bears are feasible. However, you must be careful to set the SL level and not take excessive risks.
Today's xauusd trading strategy
buy@2985-2990
SL:2980
tp:3000-3010
sell@3010-3000
SL:3015
tp:2990-2985
If you don't know how to do it, you can refer to my transaction.
Last chance to short gold💡Today, gold hit a low of around 2980 during its decline. Obviously, gold's decline has not reached its peak! There is still demand for gold to continue to retreat.
💡At present, gold has rebounded to above 2998 again, but gold has not broken through the 3005-3010 zone during multiple rebound tests. The upper space has been compressed smaller and smaller, and the bullish momentum has been largely consumed. Gold is expected to seek a breakthrough downward;
💡In the process of multiple rebounds, the momentum of the rebound has gradually weakened, the bull market confidence above 3000 is not strong, the confidence of bulls is not firm, and after the profit realization and selling psychology gradually gain the upper hand, gold is likely to have a flash crash!
📉So we can short gold in the 3000-3010 zone! The first target: 2985-2975, followed by 2965-2955
📞Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
XAUUSD Analysis of TodayToday, the price of gold has been fluctuating between the support and resistance levels I analyzed.
Therefore, in the short term, both long and short positions are viable. However, you must pay attention to setting the SL level and must not take excessive risks.
XAUUSD
🎁 Buy@2983 - 2985
🎁 SL 2980
🎁 TP 2993 - 2995
🎁 Sell@3000 - 2997
🎁 SL 3002
🎁 TP 2988 - 2985
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
If you also aspire to achieve financial freedom,Follow the link below to get my daily strategy updates
The bear is coming soon, TP: 2965-2955Bros, bears are about to see the dawn!
Gold is fiercely fighting for control in the 2985-3000 zone. Although the winner has not been completely decided, the balance of victory is tilting towards the bears!
As gold stands above the 3000 mark, the upper space is relatively compressed, and the liquidity is getting lower and lower. Gold needs to retreat to increase liquidity! Judging from the candle chart, gold stood above 3000 twice and then quickly fell back, forming two obvious upper shadow lines, indicating that the bull market is not completely convincing, and it is very likely that a double-top structure will be technically constructed to further stimulate the decline of gold!
At present, gold has not been able to effectively fall below 2880. In addition to having a certain support structure, it is more likely to be a bull market trap! So in the next short-term trading, I do not recommend continuing to chase gold. You can use the 3005-3015 zone as resistance and boldly short gold! Then wait patiently for gold to fall back to the 2965-2955 zone.
Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
XAUUSD:Continue to shortDespite the recurrence of geopolitical conflicts, which may lead to a possible breakthrough in the gold price again, my long - term short - selling strategy for gold remains unchanged. Currently, the key is to rationally plan the account funds and wait for the market to stabilize to reap substantial profits.
xauusd sell@2990-3000-3010
tp:2970-2960-2940
Currently, my account balance has grown from an initial $40,000 to $600,000 in profits. I will share accurate trading signals every day, and you have the option to copy my trading orders. If you're interested in getting these signals, you can click on the link below this article.
XAUUSD: Is Now a Good Time to Buy or Sell?XAUUSD: How to trade? Short or long. If you don't know. You can take a look at Jack's ideas.
After last week's epic impact, XAUUSD reached a high of 3004. After a slight adjustment last Friday, it fell to a low of 2978.
Latest news: Houthi armed forces have escalated risks. For air strikes, Houthi armed forces will continue to resist to the end.
On Tuesday, US President Trump will have a phone call with Russian President Putin. The specific content of the negotiation includes land and tax issues. If this is the last discussion before the ceasefire, then XAUSUD will weaken significantly after the ceasefire. Because this is the biggest hot topic in the market at present, when risk aversion declines, then XAUUSD's decline will definitely be significant. It is expected to reach at least below 2950. Of course, the content of the call is unpredictable, so if the negotiation is still fruitless, the conflict will escalate again.
The XAUUSD dynamics from the Asian market to the London market on Monday were very stable. Maintaining a narrow high movement. Close to the start of the New York market, the market is active, and the current price is "2996 US dollars/ounce."
As the short-term trading direction of XAUUSD, I still think it is reasonable to buy at a low level. At the same time, keep selling at a high position to get a small spread. "The sell order needs to be closed near 2980-2983". Because the market news has not completely locked the bearish trend. So pay attention to the trading risks when trading.
If the test position of 2993 does not break down, then continue to hold the long order.
Can gold continue to go long?
The 1-hour moving average of gold continues to spread upward, and the strength of gold bulls is still relatively strong. Gold's moving average support has now moved up to around 2983, and today's low for gold is around 2982, so gold still forms a strong support around here. I think gold can be shorted first, and then it can continue to go long if gold falls back around 2985
XAUUSD:Wait for retracement, continue longAs we mentioned during the early trading session today, the correction range of gold was not significant. This indicates that the bullish trend of gold remains relatively strong. The smaller the correction, the stronger the bullish momentum of gold.
A trading strategy suggesting long positions was also published in the article. Currently, gold is still in a bullish trend. We should wait for a retracement and then go long again.
The latest trading strategy:
buy@2975-2980
SL:2965
TP1:2990
TP2:3000
I always firmly believe that profit is the sole criterion for measuring strength. I will share accurate trading signals every day. Follow my lead and wealth will surely come rolling in. Click on my profile for your guide.