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XAU/USD 27 January 2025 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. Price has now printed a bearish CHoCH according to analysis dated 21 January 2025. Price is now trading within an established internal range. Intraday Expectation: Price to trade continue bearish to complete it's pullback phase. Technically price should trade down to either discount of internal 50% EQ or M15 demand zone before targeting weak internal high priced at 2,786.060. It would be useful to remember that Daily TF swing and internal range are bullish. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. H4 Chart: M15 Analysis: -> Swing: Bearish. -> Internal: Bullish. Since last analysis you will note a bullish iBOS marked in red. I have marked this is red as price did not pull back deep enough for me a validate, therefore, on this occasion I will apply my discretion. Price then continued bullish, subsequently printing a bearish CHoCH to indicate, but not confirm bearish pullback phase initiation. Price is now trading within an established internal range. Intraday Expectation: Price is currently in discount of 50% EQ and should technically target weak internal high priced at 2,786.060. Alternative scenario: As H4 timeframe has printed a bearish CHoCH, it would come at no surprise if price printed a bearish iBOS to assist H4 TF in it's pullback phase. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart: by Khan_YIK221
GOLD MARKET ANALYSIS AND COMMENTARY - [January 27 - January 31]Last week, the gold market continued to benefit from concerns related to tariffs and US President Donald Trump's statements on interest rates, along with a decrease in US bond yields and the USD, and gold prices traded. trading near a 3-week high of above 2,750 USD/ounce. Ahead of the monetary policy meeting next week, it is predicted that the US Central Bank will keep interest rates unchanged and there will only be one interest rate cut this year, while Mr. Trump called on banks to Global central banks lower interest rates. This means there may be disagreements between Mr. Trump and the Fed. This is something that traders are paying attention to and gold prices are likely to benefit from its role as a safe haven asset. This week's economic calendar will focus on central banks globally, with the US Federal Reserve and Bank of Canada announcing interest rate decisions on Wednesday, followed by an announcement from the European Central Bank. Europe on Thursday. The market will also pay attention to some US economic data, including the December new home sales report released on Monday, durable goods and consumer confidence reports on Tuesday, GDP Fourth quarter weekly unemployment claims and pending home sales on Thursday, and PCE, personal income and personal spending on Friday morning. 📌Technically, on the H4 chart, this week's gold price has broken out of the Downtrend line and the important resistance level at 2725, gaining momentum to near the 2790 resistance threshold. Next week, if the 2790 resistance mark is broken, broken, gold prices will continue to set record high prices for early 2025. Notable technical levels are listed below. Support: 2,730USD Resistance: 2,770 – 2,762 – (All-time high) SELL XAUUSD PRICE 2831 - 2829⚡️ ↠↠ Stoploss 2835 BUY XAUUSD PRICE 2712 - 2714⚡️ ↠↠ Stoploss 2708by Xayah_trading2
"Gold Weekly Forecast: Key Levels to Watch – Will $2807 Be Hit?" The bottom of the box is at $2743, which could serve as strong support. However, the closer the price moves near this level, the more attainable the $2807 target becomes. FOREXCOM:XAUUSD Longby firouzforexer3
GOLD Bullish move towardsXAU/USD Bullish Pattern with support at 2745 and a possible move towards 2770 and 2785 based on current conditions. With the upcoming high-impact data release and Fed news in a few hours, it's crucial to be cautious as these events can cause significant volatility. If you're scalping, it might be wise to keep a close eye on the market and adjust your targets accordingly based on real-time price action. Have you had success with this strategy before, or is this a new approach for you? You can see more details in the chart. PS Support with like and comments for more insights.Longby Sense_TradingUpdated 1137
GOLD → A U-turn? Medium-term targets. Up ahead, 2790FX:XAUUSD is taking advantage of the dollar correction and almost reaches ATH 2790. The chance of updating the maximum is quite high, but there are a few “BUTs”. Let's talk about the medium term and possible targets Economically, the coming week will be quite important, there will be decisions on the Fed Funds rate , US GDP and PCE . If the rate remains unchanged and the Fed's rhetoric is tough, this could put pressure on gold, a softer policy would support the metal, as would a slowdown in GDP growth if supported by actual data. PCE data may indicate that inflationary pressures remain. If the data is better than expected, it will strengthen the chances of further Fed rate hikes, which in turn will support the dollar and reduce demand for gold. Technically, the price is heading towards 2790 and the chance of reaching this target is quite high, but the potential for further upside after breaking the resistance is not there yet as there is no energy to do so. A strong move of 8% (since December 18) could easily be stopped by the resistance level ahead and gold could go into correction or consolidation Resistance levels: 2790 Support levels: 2762, 2750, 2735 Overall, expected economic data points to support for the Dollar, which could put pressure on gold. Highlights for Gold are FOMC results and GDP data, as well as unexpected deviations from the forecast in economic data, which could change the current dynamics. What to expect from the price? Most likely, after a correction to 2762 (liquidity zone), growth will resume and the price will head towards the most important target at the moment - 2790. The one and a half month rally may end with a false breakout of 2790 and the beginning of correction. I am not talking about the trend reversal yet, as we should follow the market reaction to the general situation. Zones of interest within the correction may be several local and several global zones: Local targets (if bullish): 2762, 2735 Medium-term targets (if trend change is confirmed): 2714, 2689, 2643 Regards R. Linda!Shortby RLinda111179
XAUUSD TODAY'S MAPPING IN 4H TF Hello Guy's Welcome To Another Day Of TRADING Here we are mapping chart of XAUUSD ( GOLD ) in 4-Hour TF This chart shows the price of gold (XAUUSD) over time. The price is moving in an upward trend (light blue channel). Current Situation: The price recently dropped but is near a strong support area (gray zone). Prediction: If the price stays above this support, it might bounce back up and continue rising. Risk: If it falls below the support zone, the trend could change. Basically, the idea is that gold might go up again after a small dip, but if it breaks below support, the trend could reverse.Longby Art_of_TradingFXUpdated 3
Buy #GOLD 2743 - 2738💎 Buy #GOLD 2743 - 2738 💎 Stoploss 2728 Breakeven 2743.5 TakeProfit 1: 2745 TakeProfit 2: 2747 TakeProfit 3: 2749 TakeProfit 4: 2751 TakeProfit 5: 2753 TakeProfit 10: 2763 TakeProfit 20: 2783 TakeProfit 30: 2803 Trade at your own risk Protect your capital The Wizard 🧙♂️ Monday 01/27/2024 12:00 PM ESTLongby SmartWizardFXUpdated 5
GOLD → Character changes, bearish premise emergesGOLD updates the low and tests trend support, testing the market and traders' nerves. The dollar is rebounding, putting pressure on the metal. Gold is moving into a correction, gradually changing the bullish nature of the market to bearish under selling pressure due to growing demand for the dollar amid fears of a trade war over Trump's policies. The issue of tariffs by the US is still open. Meanwhile, traders' attention is focused on data on durable goods orders and consumer confidence in the US, as well as the Fed meeting, the outcome of which will be announced on Wednesday. Technically, after breaking the bullish structure, the price is testing the channel support. It is quite difficult to break this line from the first time and the price may form a correction to 2745, or to the imbalance zone, for example, to 2750- 2760 Fibo, before the market desire to sell resumes. Resistance levels: 2745, 2751, 2760 Support levels: 2735 (trigger), 2717 If 2745 does not miss price and gold returns to 2735, then we should prepare for a break of trend support. In that case, an impulse to 2717 could form. But, if 2745 does not hold the price, gold may test 2750 - 2760 before falling further. Regards R. Linda!Shortby RLinda1818123
XAUUSD (GOLD) SELL FROM ETHAccording this analysis OANDA:XAUUSD touched the level higher in this week at the Current market Gold can be still bullish because of strong buying pressure we are looking for sell safe from the ETH level lets trade gold but safe please support my work like and comment your thoughts in comments section Happy Trading with Tom 😎Shortby Tom_Trades_670Updated 12
Technical Analysis for Gold (XAUUSD) - 1-Hour Chart### Technical Analysis for Gold (XAUUSD) - 1-Hour Chart #### Current Market Context As discussed in our weekly analysis, gold (XAUUSD) is currently experiencing a pullback within an overall bullish trend. The price is testing key pullback zones, and it is essential to wait for these levels to identify optimal buying opportunities. #### Key Pullback Zones 1. First Pullback Zone (2740-2730): The current price action tests this first pullback zone marked in green. Observing how the price reacts to this level can provide insight into potential buying setups. 2. Second Pullback Zone (2725-2715): Should the price breIf the price break, this area presents the next opportunity for re-entry into the loto re-enters zone, aligns with price structures and could serve as a solid support level. 3. Third Pullback Zone (2710-2700): Another critical area to monitor. If the price continues to pull back, this zone becomes increasingly relevant for potential reversals. 4. Fourth Pullback Zone (2695-2685): This is the last main zone identified for pullbacks. Here, we should carefully observe for bullish patterns or sig that indicate a possible indicating The targets indicated by the rising wedge pattern also suggest a potential reversal point around the 2725/2710 area, further reinforcing the importance of these zones. #### Trend Analysis Overall, the trend structure remains intact as bullish. Higher highbullish. Thee current pullback. Maintaining higher highs and higher lows has characterized it. Maintaining aucrucial decisions. #### Chart Patterns - Rising Wedge: The formation of a rising wedge indicates potential weakness in the prevailing upward direction, as it typically suggests a trend reversal. However, given the bullish structure, traders should look for confirmation of exits or reversals at established pullback levels. #### Trading Approach Given the overall bullish trend structure and the marked pullback zones, a swing-to-intraday strategy is warranted: - Wait for the price to retrace to the marked pullback zones (especially the first and second zones). - Look for confirmation candlestick patterns (e.g., pin bars, engulfing candles) at these levels for potential buy setups. - Implement solid risk management strategies to ensure optimal positioning with favorable risk-reward ratios. #### Conclusion In summary, the current pullback in XAUUSD presents a for re-entry into long positions at the identified pullback zones. Patience will be key, as waiting for the ideal setups can enhance overall trading performance and risk management.Shortby SRFXGlobalUpdated 10
Gold Expected Top is Here - Traders May Enter Short/Sell HereGold achieved our short-term upside 2782/2790 by now. Now we are expecting gold may start correcting from here till 2773.50 to 2759. Any upside movement above 2795 is likely to grab buy side liquidity before making a corrective fall. Our goal for now is 2773.50 - 2759Shortby investomaniapkUpdated 9
XAU/USD Weekly Outlook: Navigating Key Levels and Potential RevKey Levels to Watch Resistance Levels: 2,774.765: A key resistance line tied to recent highs (Wave A completion). 2,786.060: The invalidation point for the bearish move. If gold rises above this, it negates the correction. Support Levels: 2,718.705: First key support, marked as the Fibonacci 0.382 retracement. 2,709.585: Next support tied to the 1.618 Fibonacci extension. 2,653.530: A major level where price could reach equilibrium (POC - Point of Control). Targets for the Corrective Move: 2,718.499: Expected point for "Weak Wave A." 2,668.727 to 2,658.878: Critical Fibonacci extension zone for Wave C completion. 2,924 (potential retracement): If gold completes its correction, this may set up for future bullish moves. Wave Structure: Wave A: Price peaked near 2,774.765 and is currently declining, marking the end of the impulsive wave. Wave B: Expected retracement higher before further decline, but likely capped below 2,771.602. Wave C: Projected continuation lower, potentially reaching key supports near 2,653.530 or further below. Trade Plan for This Week Short-Term Traders: Look for selling opportunities near 2,760 to 2,774 if price struggles to break resistance. Target supports at 2,718 or deeper around 2,709-2,653. Long-Term Traders: Watch for bullish setups around 2,653.530, where price could form a base for a new upward trend. Confirmation for buying would require a break above 2,774.765 resistance. Key Takeaway Gold is likely completing a correction this week. Expect further downside toward key supports, but a reversal higher could occur if strong support zones hold. Use caution and follow the wave structure closely to time entries.by spaceangelUpdated 5
XAUUSD - Gold hits new ATH!Gold is trading above EMA200 and EMA50 on the 1-hour timeframe and is in its ascending channel. A correction towards the demand zone will provide us with the next buying opportunity with a good risk-reward ratio. Donald Trump has announced his intention to impose a 25% tariff on imports from Canada and Mexico due to the fentanyl issue, emphasizing that these tariffs will take effect starting Saturday. He also stated that China will eventually have to pay tariffs as well, and that the U.S. is already implementing trade restrictions against Beijing. Trump further asserted that the era of passively watching BRICS nations attempt to distance themselves from the U.S. dollar is over. He declared that these countries must commit to neither creating a new BRICS currency nor supporting any alternative to the powerful U.S. dollar. Otherwise, they will face 100% tariffs and lose access to the thriving American economy. He insisted that BRICS has no chance of replacing the U.S. dollar in global trade, and any country attempting to do so will face severe economic consequences. (Translation continues…) Continuation of the English Translation: Trump’s repeated tariff threats have raised concerns among American consumers and introduced economic risks for the United States. Even the mere discussion of such tariffs can have significant economic effects by influencing consumer behavior. Evidence suggests that many Americans are seriously worried about the potential consequences of these policies. According to a survey conducted by economists from the University of Texas, the University of California, and the University of Chicago, Americans expect substantial tariffs to be imposed on all major trade partners—50% on Chinese imports and 35% on imports from Canada and Europe. Contrary to Trump’s claims, most citizens believe these tariffs will directly impact them by driving up prices. When asked about a hypothetical 20% tariff, half of the respondents stated that the majority of the costs would be passed directly to consumers. Political differences are also evident in the perception of these tariffs. Democrats and Republicans disagree on the extent to which consumers will bear the costs. Democrats estimate that 68% of the tariff burden will fall on consumers, whereas Republicans believe it will be around 41%. Regardless of political stance, the financial strain from these tariffs is expected to be significant, particularly for consumers already weary of inflation. Both the public and economists recognize that tariffs on imports can also raise prices for domestically produced goods. The economic impact of tariffs was clearly demonstrated during Trump’s first term. A study found that the tariffs imposed in 2018 on washing machines from South Korea and China led to a nearly equivalent price increase for washing machines in the U.S.—and even drove up the price of dryers as well. Even if these new tariffs are not implemented, their mere threat can lead to price hikes. Many consumers, anticipating higher costs, are choosing to make purchases in advance. In a survey, 43% of respondents stated that they would buy products before the tariffs take effect to avoid potential price increases.Another survey in January found that 20% of people believed that now was the right time to buy durable goods because prices were likely to rise. Businesses are responding in a similar fashion. Many companies are stockpiling inventory ahead of potential tariff hikes or shifting their supply chains to countries that would not be affected. This behavior has contributed to a surge in exports from China to the U.S., with December marking the second-highest export level on record—at least partly driven by efforts to preempt new tariffs. These strategies, however, come with additional costs, much of which will likely be passed on to consumers. The COVID-19 pandemic provided a clear example of how supply chain disruptions can lead to widespread cost increases. For instance, higher import costs for auto parts eventually resulted in more expensive vehicle repairs and insurance premiums. Stimulating inflation under current economic conditions—even temporarily—would be costly. The Federal Reserve has paused further interest rate cuts, waiting for clearer signs of sustained inflation reduction. Rising prices for key goods, particularly automobiles, halted progress in lowering inflation in the fourth quarter of last year. Additional inflationary pressures caused by tariff expectations could delay the Fed’s next rate cut and keep interest rates elevated for an extended period. The uncertainty surrounding future tariffs reinforces the Fed’s cautious stance. Inflation is not the only concern stemming from tariff threats. A third of survey respondents indicated that the likelihood of widespread tariffs would lead them to cut spending and increase savings. The greater the uncertainty surrounding trade policy, the stronger the incentive for precautionary savings. American consumers have been the driving force behind the nation’s economic recovery. However, the recent wave of tariff threats has created deep concerns, potentially putting the U.S. economy—widely regarded as one of the strongest in the world—at risk.Longby Ali_PSND3
Gold (XAU/USD) Surges Past 50% FIB – Is $2,000 Next? 📌 Key Breakthrough in Gold! Gold (XAU/USD) has just blasted through the 50% Fibonacci retracement level, a critical discount zone where buyers historically step in. This breakout has triggered a wave of bullish momentum, pushing price towards key resistance levels. 🔎 Technical Breakdown: ✅ 50% FIB Breakout: Price has cleared this key retracement level, signaling strong buyer demand. ✅ Key Resistance Ahead: The $2,765 zone remains the next major hurdle—a breakout here could accelerate price toward $2,825. ✅ Support Zone: The $2,745 level serves as immediate support, acting as a potential pullback area. ✅ RSI Overbought? The RSI is approaching overbought conditions, meaning a short-term consolidation could occur. ✅ MACD Crossover Incoming? A bullish MACD crossover is forming, reinforcing the upward momentum. ⚡ What’s Next? If gold holds above the 50% FIB level and breaks $2,765. with strong volume, a push toward $2,825+ could be in play. However, failure to hold this breakout could trigger a pullback to $2.700 or lower. 📊 Will gold continue its bullish run, or is a pullback incoming? Drop your thoughts below! 👇 🚨 This is not financial advice. Always do your own research before making trading decisions.Longby ProcessAndIntercept2
WILL GOLD DUMP OR PUMP SIGNAL ALERT!At now 2725 area zone supply strong coz one time market tap and it’s rejection is good and we gonna see market pump 150 pips Bull so there is market is in stuck sideways wait for break Range and Market fall more and then it’s going to be crazy new ATH. First we saw entry point at 2725-2728 area zone if this level is valid wanna Gold fall more and Will buy from 2720 . Bull run target is 2770 and after this level break Gold mark new ATH 2800 Half of Trades are closing at 2750 for safe side.Longby GOLD_TREND_GURUUpdated 6
XAUUSD 1D Bullish Trend with All-Time HighOANDA:XAUUSD 📶 Technical Analysis Weekly (1W) Chart: 🟢 From 2020 to 2023, the price of gold tested the $2000 level several times before breaking through the $2000 resistance towards the end of 2023, leading to a strong bullish trend. 🟢 This breakout fueled a new all-time high of $2790 as the bullish momentum continued into early 2024. Daily (1D) Chart: 🟢 In 2024, gold prices have surged by approximately +30%, continuing the strong uptrend. 🟡The price is now approaching the previous all-time high and is poised to test this significant level. If the price breaks above this resistance, there is potential for further upside movement. 4-Hour (4H) Chart: 🟢 Since October 2023, the trend has been clearly bullish, with a consistent rise. 🟡 The price is now nearing the all-time high, and a breakout above this level could see the price continue to rise, possibly with momentum-driven gains. 🆕 Fundamental Analysis: 🟢 Global Insecurity & War Escalation: Gold has historically been a safe-haven asset, with its price driven by global uncertainty and geopolitical tensions, such as escalating wars or conflicts. 🟢 De-dollarization: As central banks around the world move towards gold reserves in response to concerns about the US dollar’s strength, gold is benefiting from this trend. 🟢 Post-COVID Economic Situation: Following the pandemic, the world experienced high inflation and central banks responded with interest rate hikes. These measures have slowed economic growth and increased the risk of a recession, further boosting demand for gold as a store of value. 🔤 Conclusion: 🟢 XAUUSD remains in a strong bullish trend, with the price pushing towards its all-time high at $2790. A breakout above this level could lead to further price increases. 🟢 The fundamental drivers behind gold’s price growth include global geopolitical tensions, de-dollarization, and economic instability. 🟡 Traders should watch for a breakout above the all-time high to confirm continued bullish momentum, while also being mindful of the fundamental factors that could continue to push gold prices higher. 🟠 If the resistance at the previous all-time high holds and the price reverses strongly from this level, it could signal a market correction or the start of price action in a range-bound environment. This potential reversal can be confirmed by a trend breakout that would signal further direction.Longby boykopetevboevUpdated 1
Gold/USD Monthly Elliott Wave & Fibonacci ProjectionsPEPPERSTONE:XAUUSD This analysis presents a detailed Elliott Wave count on the monthly chart of Gold/USD with Fibonacci extension levels for key price targets. Wave Structure: The chart follows a classical 5-wave impulse structure (I to V). Wave V is currently forming with possible subwave developments marked (1, 2, 3, 4, 5). Fibonacci Key Levels: 100% ($2,529) — initial projection target 127.2% ($2,778) — intermediate resistance 161.8% ($3,095) — dominant bullish extension target 261.8% ($3,019) — extended bullish zone Potential Price Movement: A correction near $2,550 aligns with the Fibonacci 161.8% retracement, followed by a rally to complete wave V. Long-term resistance and liquidity zones highlighted around $3,095. Use this projection for long-term trading strategies. Fibonacci and wave alignments may guide stop-loss placements or profit-taking points. Keep an eye on corrections near wave 4 zones for confirmation before further bullish continuation Disclaimer: This analysis is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to trade any securities or assets. Trading in financial markets involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct your own research and consult with a certified financial advisor before making trading decisions. Longby TrwinUpdated 224
It is time to buy on XAUHi everyone you can open a position on XAU like this Gold has gone through two major declines and now it's time to return to higher price levels.Longby soroushrj13843
Elliott Wave View on Gold (XAUUSD) Impulsive Structure to ResumeShort Term Elliott Wave View in Gold (XAUUSD) suggests that rally from 1.14.2025 low is in progress as an impulse. Up from 1.14.2025 low, wave (i) ended at 2724.74 and wave (ii) ended at 2689.28. Wave (iii) higher ended at 2763.39 and wave (iv) ended at 2735.67. Final leg wave (v) ended at 2785.87 which completed wave ((i)) in higher degree. Pullback in wave ((ii)) unfolded as a zigzag Elliott Wave structure. Down from wave ((i)), wave (a) ended at 2747.07 and wave (b) ended at 2772.04. Wave (c) lower ended at 2730.23 which completed wave ((ii)). The metal resumes higher in wave ((iii)). Up from wave ((ii)), wave i ended at 2766.3 and wave ii ended at 2744.78. Wave iii higher ended at 2798.55 and wave iv pullback ended at 2788.43. Expect wave v higher to end soon which completes wave (i) in higher degree. Then the metal should pullback in wave (ii) to correct cycle from 1.28.2025 low before it resumes higher again. Near term, as far as pivot at 2730.23 low stays intact, expect dips to find support in 3, 7, 11 swing for more upside.by Elliottwave-Forecast115
Gold weekly swing trade buy and sell levels This weeks swing trade we are targeting a pullback to previous support before entering a buy. Target for the sell entry first is enter at 2769 expecting to bounce at resistance at 2747 for a gain of 226 pips. On the buy side looking at entering at 2745 expecting a push to 2799 for a swing of 543 pips. Trade is based on higher time fram analasis of both support and resistance plus trend lines . As always with these type of trades use reduced lot size so you can afford to stay in the trade with drawdown longer. For the last week we have seen Gold make a new all time high and 2800 will be tested this week. Last weeks trade never activated but the bullish direction was right. Hope we all have a good week in trading this week , ill update as the week goes on by F0rexBorexUpdated 445
GOLD → False or true resistance breakout?OANDA:XAUUSD is trying to consolidate above the previously broken boundary of the ascending channel. The struggle that has not ended creates risks for both buyers and sellers. The weakening USD, coupled with the lack of clarity surrounding President Donald Trump's policy plans and ongoing trade wars, continues to provide support for gold. Inflation expectations are rising amid a period of economic and geopolitical uncertainty, forcing the Federal Reserve (Fed) to maintain high interest rates for an extended period to control increasing price pressures. Since taking office, President Trump has provided little detail on his proposed tariffs, raising questions about the seriousness of these measures and their potential impact. In the coming days and weeks, the precious metals market will be influenced by constantly shifting news from Washington. Resistance levels: 2758, 2770 Support levels: 2750, 2745, 2730 Currently, prices are consolidating above previously broken resistance levels. If there is no bullish momentum and the price breaks through a false resistance channel, gold may decline toward 2745 - 2730. However, a breakout above the local resistance level could trigger buying and push the price to the target: 2770. Best regards, Bentradegold!Shortby BentradegoldUpdated 4467
Is Gold Price Heading for an All-Time High?🔆News: • Gold prices remained elevated heading into the European session on Friday, hitting a fresh multi-month high near $2,778 in the final hour. Comments from US President Donald Trump, declaring that he did not want to impose tariffs on China, eased concerns about a trade war and inflation. This pushed US Treasury yields further lower, as Trump called for lower interest rates, pushing the US dollar to a one-month low and boosting demand for the non-yielding precious metal. • Trump said his discussions with Chinese President Xi Jinping were friendly and expressed optimism about securing a trade deal without resorting to tariffs. This eased concerns that his protectionist measures could fuel inflation, while also reinforcing expectations of further monetary easing by the Federal Reserve, which supported gold prices. • Market participants are now waiting for the fast-moving PMI data to get a clearer picture of the health of the global economy. Any deterioration in risk sentiment could boost XAU/USD. 🔆 Opinion: • The 1H Relative Strength Index (RSI) is approaching overbought levels, suggesting a possible minor pullback before the next significant rally towards the crucial 1.618 Fibonacci level at $2,790, which is a strong resistance zone. • On the downside, the nearest support lies between $2,760 and $2,758. A break below this range could push gold prices down to retest recent lows, with the final buy zone located between $2,720 and $2,723. 🔆 Plan: Price Zone Setup: 👉 Buy Gold 2720 – 2723 ❌SL: 2715 | ✅TP: 2730 – 2737 – 2745 👉SELL Gold 2788 -2790 ❌SL: 2794 | ✅TP: 2784 - 2780 - 2775 Thank you for reading my comment: "FM" Longby FM-ForexMastermindUpdated 112