XAUUSDK trade ideas
When and How to Use Weekly Time Frame in Gold Forex Trading
Ignoring weekly time frame chart analysis could cost you big losses in Forex, Gold trading!
Discover 3 specific cases when weekly time frame beats daily time frame analysis.
Learn the situations when weekly timeframe exposes what daily charts can’t, how to analyze it properly and when to check it.
1. Long-term historic levels
When the market trades in a strong bullish or bearish trend and goes beyond recent historic levels, quite often the daily time frame will not be sufficient for the identification of significant supports and resistances.
The proven way to identify the next meaningful levels will be to analyze a weekly time frame.
Examine a price action on EURAUD forex pair on a daily time frame chart. The market is trading in a strong bullish trend and just updated the high.
Checking the historic price action, we don't see any historic resistance on the left.
Switching to a weekly time frame chart, we can easily recognize a historic resistance that the price respected 5 years ago.
That's a perfect example when weekly t.f revealed a historic price action that a daily didn't.
2. Trend-lines
Weekly time frame analysis is important not only for a search of historic levels. It can help you find significant vertical structures - the trend lines.
We can easily find several meaningful historic resistances on EURUSD pair on a daily time frame.
Though, there are a lot of historic structures there, let's check if there are some hidden structures on a weekly.
Weekly time frame reveals 2 important trend lines, one being a vertical support and another being a vertical resistance.
With a daily time frame analysis, these trend lines would be missed .
3. More accurate breakout confirmations
Some false support and resistance breakouts that you see on a daily could be easily avoided with a weekly time frame analysis.
Quite regularly, a daily time frame support or resistance is in fact a weekly structure. And for its breakout, a weekly candle close will provide more accurate confirmation.
From a daily time frame perspective, we see a confirmed breakout - a daily candle close above a solid resistance zone.
It provides a strong bullish signal on AUDUSD forex pair.
However, the violation turned out to be false and dropped.
Such a false breakout , could be easily avoided, checking a weekly time frame chart.
The underlined resistance is in fact a weekly structure.
The price did not manage to close above, and perfectly respected that, starting to fall after its test.
Such a deeper analysis would completely change our bias from strong bullish (based solely on a daily) to strongly bearish (based on a daily AND weekly)
Remember This
Do not ignore and always check a weekly time frame.
It shows a unique perspective on the market and reveals a lot of hidden elements that you would not notice.
No matter whether you are a scalper, day trader or swing trader,
remember that weekly time frame structures are very impactful and accumulate large trading volumes.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Lingrid | GOLD Weekly Market Analysis: Consolidation ContinuesTVC:GOLD has developed a double top pattern, marking a significant shift from the previous consolidation phase. The recent rejection from the $3,400 resistance zone has created a bearish reversal structure that's now testing critical support levels. 4H chart reveals a clear double top formation with peaks around $3,400, followed by a decisive breakout below the flag pattern that previously suggested continuation. This technical deterioration represents a major shift in market structure, with the upward trendline now serving as resistance rather than support.
Current price action at $3,309 sits dangerously close to the key support level at $3,245. A break below this zone would likely trigger accelerated selling toward the major support area around $3,120, representing the bottom of the recent consolidation range. Previous weekly highs (PWHs) around $3,354 now serve as immediate resistance, with the double top peaks at $3,400 representing the more significant barrier. Any recovery attempts will likely face selling pressure at these levels, creating a challenging environment for bullish momentum.
The upward trendline breach is another bearish development, as this line had provided support throughout the entire rally from the cycle lows. Its violation suggests a potential shift in the primary trend structure, though the major support at $3,120 remains intact. However, the major support confluence around $3,120 could provide a lifeline for bulls. This level represents multiple technical factors including previous significant lows and the bottom of the recent consolidation range, making it a natural area for buying interest to emerge.
The current setup suggests gold is entering a more challenging phase where rallies may be sold rather than bought. The shift from continuation to reversal patterns indicates a potential change in market sentiment that could persist until major support levels are tested and either hold or break decisively.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Gold price recovers above 3300, tariff impact⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) edged higher to around $3,310 during early Asian trading on Monday, buoyed by renewed demand for safe-haven assets amid lingering tariff uncertainty and heightened geopolitical risks.
Investors remain cautious following fresh tensions between the United States and China, after President Donald Trump accused Beijing of breaching the terms of their trade agreement. This has rattled global markets and lent support to the precious metal. Market participants now turn their attention to the upcoming US ISM Manufacturing PMI report for May, scheduled for release later in the day, which could offer further direction for gold.
⭐️Personal comments NOVA:
US raises tariffs on EU steel, a reminder of quickly negotiated deals, gold prices positive above 3300
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3335- 3337 SL 3342
TP1: $3328
TP2: $3315
TP3: $3300
🔥BUY GOLD zone: $3289- $3287 SL $3282
TP1: $3297
TP2: $3308
TP3: $3318
⭐️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 - WAVE 4 CORRECTION TO $2,800 (UPDATE)Gold has once again rejected the 0.618 Fib level & dropped back into the lower bound of the range zone overnight, which is what we like to see.
But overall, we remain within the range so we exercise patience & keep an eye out for any possible alternatives which might happen for Gold. Nice profits for us either way.
Maintain price increase, NF will help gold price above 3400⭐️GOLDEN INFORMATION:
He stated that U.S. and Chinese negotiators would soon convene at a yet-to-be-determined location, a development that lifted market sentiment and weighed on gold prices as risk appetite strengthened. This shift occurred despite underwhelming U.S. economic data, which further fueled expectations for a Federal Reserve rate cut later this year.
According to the U.S. Bureau of Labor Statistics, signs of labor market weakness emerged as jobless claims rose, signaling a potential cooling in employment conditions. Meanwhile, the U.S. Bureau of Economic Analysis reported a narrower trade deficit in April, largely attributed to a decline in front-loaded imports ahead of anticipated tariffs.
⭐️Personal comments NOVA:
anxiously awaiting NF news today, there is pressure to weaken the dollar, NF figures that investors are worried about continue to be negative for DXY
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3449- 3451 SL 3456
TP1: $3436
TP2: $3420
TP3: $3405
🔥BUY GOLD zone: $3303- $3301 SL $3296
TP1: $3320
TP2: $3330
TP3: $3340
⭐️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
Bulls pressure, gold price grows 3409⭐️GOLDEN INFORMATION:
Gold prices rallied sharply on Monday, reaching their highest level in over four weeks, as geopolitical risks escalated over the Russia-Ukraine conflict. Renewed tensions on trade between the United States (US) and China prompted investors to buy the yellow metal throughout the day. At the time of writing, XAU/USD trades at $3,377, up by 2.70%.
Market sentiment shifted sour as news broke that Ukraine staged an aerial attack on Russia, which destroyed long-range bombers and other aircraft. Meanwhile, US President Donald Trump doubled down on tariffs over steel and aluminum imports to 50%, effective June 4, and rhetoric against China sent US global equities lower.
CNBC reported that Trump and China’s President Xi Jinping could speak this week, but not on Monday.
⭐️Personal comments NOVA:
Gold prices maintained their upward momentum at the beginning of the week, tariff tensions and the war with Russia remain unpredictable. Gold prices supported to return to the 3400 zone.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3409- 3411 SL 3416
TP1: $3400
TP2: $3388
TP3: $3372
🔥BUY GOLD zone: $3313- $3315 SL $3308
TP1: $3327
TP2: $3340
TP3: $3355
⭐️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 Finds Support in PRZ – $3,337 in Sight? As I expected in my previous idea , Gold ( OANDA:XAUUSD ) moved towards the Support zone($3,280-$3,245) after breaking the lower line of the ascending channel.
Gold is moving near the Support zone($3,280-$3,245) , Potential Reversal Zone(PRZ) and Monthly Pivot Point .
In terms of Elliott Wave theory , Gold appears to be completing a main wave 4 . The structure of the main wave 4 can be complex . Confirmation of the end of the main wave 4 requires a break of the Resistance lines and Resistance zone($3,387-$3,357) .
I expect Gold to move up after entering the Potential Reversal Zone(PRZ) and the first target could be $3,314 and the second target could be $3,337 . If the momentum is high for Gold, you can consider higher targets for Gold to increase .
Note: If Gold touches $3,245 , we should expect further declines.
Gold Analyze ( XAUUSD ), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD: Bouncing off a former Resistance now turned Support.Gold is marginally bullish on its 1D technical outlook (RSI = 56.013, MACD = 32.440, ADX = 32.924) as it made a much needed pullback to test the former LH trendline. This is a Resistance turned Support trendline and as the 4H MA50 holds, we expect the breakout to extend to +7.39% from the bottom. TP = 3,485.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Breaking the big frame, gold price returns to accumulation✍️ NOVA hello everyone, Let's comment on gold price next week from 06/09/2025 - 06/13/2025
🔥 World situation:
Gold prices declined for a second straight session on Friday, yet remain on track to close the week with a gain of over 1.30%, as traders recalibrate expectations for Federal Reserve policy easing following a stronger-than-expected U.S. Nonfarm Payrolls report. At the time of writing, XAU/USD is trading at $3,322, marking a 0.84% daily decline.
The U.S. Bureau of Labor Statistics (BLS) reported that the labor market continues to show resilience, with the unemployment rate holding steady from April. Meanwhile, Wall Street staged a modest rebound from Thursday’s losses, despite political tensions flaring between President Donald Trump and Tesla CEO Elon Musk, following the House's approval of a bill to raise the U.S. debt ceiling.
🔥 Identify:
Gold prices reacted lower after the release of good May employment data. Breaking the H4 uptrend line, gold prices continued to accumulate.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $3348, $3400
Support: $3251, $3202
🔥 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
- The winner is the one who sticks with the market the longest
GOLD surges to hit $3,371 target, continues to aim for $3,400OANDA:XAUUSD rose nearly 3% as US President Trump's tariff threats ratcheted up trade tensions, spurring investor demand for safe-haven assets and sending the dollar sharply lower.
US President Trump said on Friday he would raise tariffs on steel and aluminium imports from the US to 50% from the current 25% starting June 4. This has once again disrupted international trade, Reuters reported.
A European Commission spokesperson expressed deep regret over the US announcement that it would raise tariffs and said the EU was ready to take countermeasures.
Gold prices surged on Monday to a more than four-week high and continued to rise early this morning (Tuesday, June 3) as geopolitical risks from the conflict between Russia and Ukraine escalated as US President Donald Trump continued to threaten tariffs. Trump doubled tariffs on steel and aluminum imports to 50%, effective June 4, adding to jitters in global markets.
Ukraine launched its biggest drone attack since the war against Ukraine on Sunday, targeting a wide swath of Russian air bases on the eve of a second round of direct talks between the two countries. The drones, hidden in trucks, penetrated deep into Russia and hit strategic airfields as far away as eastern Siberia. At the same time, Moscow launched one of its longest drone and missile strikes on Kiev.
In key US data on Monday, the ISM Manufacturing Purchasing Managers’ Index (PMI) for May showed a contraction in business activity. The ISM Manufacturing Purchasing Managers’ Index for May came in at 48.5, down from 48.7 in April, the lowest reading since November.
Investors will also be closely watching comments from Federal Reserve policymakers this week for clues on the path of U.S. interest rates. Gold tends to benefit in low-interest-rate environments and times of geopolitical tension.
Technical Outlook Analysis OANDA:XAUUSD
After reaching the target increase at 3,371 USD, gold temporarily decreased slightly but overall it has enough conditions to continue to increase in price towards the next target at 3,400 USD in the coming time.
In the short term, gold also formed an upward price channel, which is noted by the price channel, describing the short-term technical trend. Meanwhile, in terms of momentum, RSI is operating above 50, still quite far from the overbought area, showing that there is still a lot of room for growth ahead.
For the day, the main outlook for gold is bullish, any pullbacks that fail to break below the confluence of the EMA21 with the 0.382% Fibonacci retracement should be considered only as a short-term correction, or a fresh buying opportunity.
Finally, the short-term bullish trend for gold will be focused again on the following positions.
Support: 3,326 – 3,300 – 3,292 USD
Resistance: 3,371 – 3,400 – 3,435 USD
SELL XAUUSD PRICE 3412 - 3410⚡️
↠↠ Stop Loss 3416
→Take Profit 1 3404
↨
→Take Profit 2 3398
BUY XAUUSD PRICE 3324 - 3326⚡️
↠↠ Stop Loss 3320
→Take Profit 1 3332
↨
→Take Profit 2 3338
GOLD (XAUUSD): Strong Bullish Pattern
Following my previous analysis, Gold in going up.
Your next signal to buy will be a bullish breakout
of a neckline of an ascending triangle pattern on a 4H time frame.
A 4H candle close above 3392 will confirm a violation.
Next resistances will be 3408 / 3428
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Wave 3 up is coming for goldHi traders,
Last week gold started an impulse wave but after it broke the previous high it made another correction down. So this could be wave 1 and 2 (purple) of wave 3 (blue).
Then next week we could see the next impulse wave 3 (purple) up from the bullish 4H FVG on the left.
Let's see what price does and react.
Trade idea: Wait for a change in orderflow to bullish and an impulse wave up and correction down on a lower timeframe to finish and trade longs again.
If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
Gold back within my Neutral RectangleTechnical analysis: Gold maintains Selling sentiment (remember the cycle I mentioned regarding #14-day symmetry for aggressive takedown / Traders are witnessing it) from yesterday’s session Hourly 4 chart’s first Support break, however the pace has slowed down as Gold is already near #3,288.80 - #3,292.80 well known Support zone due Hourly 4 chart on critically Overbought condition near #3,327.80 local High's. Gold is isolated within Descending Channel formation and if there wasn’t DX on parallel decline, Gold would be significantly Lower under the circumstances. I highlighted that only catalyst which can revive the Price-action and kick-start the relief rally is on Fundamental side. The Hourly 4 chart’s indicators were showcasing that Gold was Overbought and most of my Intra-day pointers were about to make a Bearish roll-over as I believed that I should start preparing ourselves for a slight pullback (Short-term trend stays Bearish though however there will be Bull spikes certainly towards #3,327.80 - #3,332.80 local Resistance zone). Next Resistance is priced at #3,312.80 / break of it might extend the uptrend towards #3,327.80 Resistance in extension. Gold has invalidated solid Ascending Channel on Hourly 4 chart and if you recall, delivered #2 additional Higher High’s (my chart’s explanation that Gold always delivers #3 Lower Low extensions ahead of full scale reversal, so practically I have one more Higher High’s to expect according to the cycle).
My position: My break-out zones are intact as in withih my previous remarks as I will keep operating within #3,288.80 - #3,227.80 Neutral Rectangle as long as it lasts. If #3,288.80 - #3,275.80 gives away, #3,262.80 - #3,268.80 is zone to monitor.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Hmm, didn't quiet go the way we wanted but we did say watch for a break either side if you're long. The break came downside and our 4H red box bounced price early session only to then complete the move we initially wanted. Not quiet a cigar but it worked in the end and you can't win them all.
Today we posted the red box levels and again as you can see we've completed all of them on the move upside. Now we need traders to play caution going long up here as you don't want to trade the candles! For that reason we have support 3310 and below that 3305, which if attacked and held can give us further movement upside. With tomorrow being the last trading day of the week, we're going to take it easy and wait for the weekly and monthly close.
Watch the red boxes, breaks either side again.
Today's red box targets:
Break above 3290 for 3306✅, 3310✅, 3320✅ and 3324✅ in extension of the move.
As always, trade safe.
KOG
Buy or Sell XAUUSD Gold? How the Stock Market Could Decide!🚨 Market Breakdown: Gold (XAUUSD) 🪙📉📊
At the moment, I’m closely monitoring XAUUSD (Gold) 🔍. Before diving in, it's crucial to zoom out and gain a macro perspective 🌍. This means analyzing key support and resistance levels on the weekly and daily timeframes 📅 using price action as our primary guide.
📈 Gold has seen a strong rally — it’s overextended at this point. A deeper pullback could be on the cards. If we get that retracement alongside a bullish break of structure, I’ll be eyeing a potential long setup 🛒.
However, this bias is conditional 🔄. If the stock market pulls back, that could strengthen the case for a gold buy. On the flip side, if equities continue to rally, I’d likely shift toward a bearish stance on gold 🐻.
🎥 Everything is broken down clearly in the video.
❗️Disclaimer: This is not financial advice. The analysis shared is for educational and informational purposes only. Always do your own research and manage your risk accordingly.
GOLD ROUTE MAP UPDATEHey Everyone,
Please see update on our 1H chart route map from yesterday.
Another great day on the charts with our analysis playing out like we said.
Yesterday we stated; no EMA5 lock above 3317, forcing a rejection back to the retracement range.
We then stated that we are expecting continued reactions within this retracement range, inline with our plans to buy dips. Our updated levels and weighted levels help us track downward movements and catch bounce setups.
- This played out perfectly with the reaction from the retracement range into 3317. We will now look for a lock above this level for a continuation or failure to lock will follow with a rejection back into the lower Goldturns for support and bounce.
We'll continue to buy dips using our key support levels, targeting 20 to 40 pip moves. As always, each level structure provides consistent bounce zones, offering great opportunities for both entry and exit. If you backtest the levels we’ve shared every week over the past 24 months, you’ll see how effectively they work with or against short to mid term swings and trends.
Remember:
Swing ranges yield bigger bounces than weighted levels — that’s the key difference.
BULLISH TARGET
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGETS
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
EMA5 CROSS AND LOCK ABOVE 3478 WILL OPEN THE FOLLOWING BULLISH TARGET
3517
BEARISH TARGETS
3352 - DONE
EMA5 CROSS AND LOCK BELOW 3352 WILL OPEN THE FOLLOWING BEARISH TARGET
3317 - DONE
EMA5 CROSS AND LOCK BELOW 3317 WILL OPEN THE FOLLOWING BEARISH TARGET
3282
EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE FOLLOWING BEARISH TARGET
3233
EMA5 CROSS AND LOCK BELOW 3233 WILL OPEN THE SWING RANGE
3185
3146
As always, we’ll keep you all updated with real time analysis and management of active setups throughout the week. Thank you for your continued support, your likes, comments, and follows mean a lot!
Mr Gold
GoldViewFX
How Forex Brokers Manipulate Your Trading. Real Examples
Your Forex broker could be manipulating your trades right now - and you would not even know it.
They can rig your charts, trap you in losing trades and steal your money.
In this article, I will expose how they do it, I will show you a real example how broker's manipulations can lead to bad trading decisions and significant losses.
What I’m about to show you will change the way you trade forever, and you’ll never look at your trading charts the same way again.
The story started with a trading live stream in my academy with my students.
We spotted a nice setup to trade.
We found a strong 4H support on Silver with a confirmed liquidity grab after its test.
As a confirmation, we identified a cup & handle pattern on an hourly time frame and a breakout of its neckline with a bullish imbalance.
When I got my entry signal, I opened my trading terminal to execute the trade.
And the way I trade is very specific: I use TradingView for chart analysis BUT I have a separate trading terminal for trade execution.
When I opened the same setup in my trading terminal, I saw a completely different picture and a strong bearish signal.
The broker that I use for technical chart analysis is OANDA , while my trading terminal uses ICMarkets quotes.
On the right is the price chart of SILVER with IC.
There we can see a valid breakout and a candle close below the support with its consequent retest.
From a price action perspective, it is a strong signal to sell .
I got a strong feeling that some kind of manipulation is going on here, so I decided to check Silver charts of other brokers.
Only the broker that I used for market analysis on TradingView provided a bullish signal, while other brokers had very bearish charts on Silver.
It looked very suspicious and felt like OANDA broker was inducing me to buy, knowing that the price is going to drop. So I made a decision not to take a trade.
Look what happened then.
After a retest of a broken support, Silver dropped sharply.
Checking the same trading setup on different brokers' charts can help you to avoid the manipulation.
My simple decision to examine more charts helped to avoid a losing trade.
I strictly recommend you doing the same thing before you place a trade.
IF you see a strong deviation of your charts from other brokers, stay alert and vigilant. Probably it is not a good idea to open the trade.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD The higher-than-expected US Unemployment Claims (247K actual vs. 236K forecast) suggest emerging softness in the labor market, increasing the likelihood of Federal Reserve rate cuts in 2025. Here’s how this data impacts the Fed’s policy outlook:
Key Implications for the Fed
Labor Market Cooling:
The uptick in claims aligns with recent trends of slowing payroll growth (Q1 2025 average: 152K jobs/month vs. Q4 2024: 209K) and a stagnant unemployment rate near 4.2%.
Fed projections already anticipate unemployment stabilizing around 4.3% in 2025, but persistent claims increases could signal risks to their "maximum employment" mandate.
Rate Cut Probability:
The Fed has maintained rates at 4.25–4.50% since May 2025 but emphasized data dependence. Weak labor data strengthens the case for cuts, with markets now pricing in a ~60% chance of a September rate cut (up from ~50% pre-data).
The Fed’s March 2025 projections flagged rising unemployment as a risk, with some participants favoring earlier easing if labor conditions deteriorate.
Inflation Trade-Off:
While unemployment claims rose, wage growth remains elevated . The Fed will weigh labor softness against sticky inflation,
A cooling labor market could ease wage pressures, aiding the Fed’s inflation fight and enabling cuts without reigniting price spikes.
Market Impact
DXY (Dollar Index): Likely to weaken further as rate cut expectations rise. Immediate support at 98.40, with a break targeting 97.00
Equities/Gold: Potential gains as lower rates boost risk assets and non-yielding gold.
Bond Yields: 10-year Treasury yields may retreat below 4.40% if markets price in dovish Fed action.
What’s Next?
June 6 NFP Report: A weak jobs number (<150K) would solidify rate cut bets.
June 11 CPI Data: Lower inflation could give the Fed confidence to cut sooner.
Fed Decision (July 31): Odds of a cut rise if labor data continues to soften.
Conclusion
The Fed is likely to prioritize labor market stability over inflation concerns if unemployment claims persist above 240K. While a July cut remains possible, September is the most probable start date for easing, contingent on confirming data.#GOLD
GOLD (XAUUSD): Sense of Fear?!
As the Russia-Ukraine peace talks are going today,
Gold shows clear signs of worry.
The market turned bullish after the opening and is currenty
breaking a resistance line of a bullish flag pattern on a daily
that we discussed earlier.
To confirm the violation, we will need a daily candle close above that.
As the results of the talks are still unknown, more moves may occur today.
So the today's close will be very important.
Let's patiently wait.
❤️Please, support my work with like, thank you!❤️
Gold Trade plan 02/06/2025Dear Traders.
✅ Breakout Confirmed: Momentum Building Toward New Highs
The strong descending channel has been decisively broken, and the momentum generated from this breakout suggests a real potential to push beyond the all-time high.
📈 Strategy in Play:
We’re looking to enter on corrective pullbacks, riding the momentum with buy setups — and plan to take profit near the upper boundary of the broader channel.
This structure offers both technical confirmation and a clear risk/reward framework.