Gold remains in a strong bullish structure as price continues to trade within an ascending channel and holds above key higher low supports. The recent break of structure (BOS) confirms buyer control while price is consolidating above the mid channel trendline indicating a healthy pause rather than a reversal. Technically the 4550-35 zone aligns with previous resistance turned support and sits near the channel support making it a high probability demand area. As long as gold holds above this zone the upside remains favored with scope for a push toward 4650 followed by 4750-4850 if momentum accelerates.
From a fundamental perspective gold continues to find support from expectations of future US rate cuts softer US dollar outlook and persistent geopolitical and economic uncertainty which keeps safe haven demand intact. Any weakness in USD will further strengthen gold bullish bias while strong US data may only cause short term pullbacks within the broader uptrend.
Trade Plan:
Buy Zone: 4535-4495
Buy Trigger: Bullish rejection from the buy zone or a strong 4H close above 4600-4630
Targets: 4630 - 4765 - 4848
Invalidation: Sustained break and close below 4490
Overall dips remain buying opportunities unless price decisively breaks below 4420 which would signal a deeper corrective phase.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
From a fundamental perspective gold continues to find support from expectations of future US rate cuts softer US dollar outlook and persistent geopolitical and economic uncertainty which keeps safe haven demand intact. Any weakness in USD will further strengthen gold bullish bias while strong US data may only cause short term pullbacks within the broader uptrend.
Trade Plan:
Buy Zone: 4535-4495
Buy Trigger: Bullish rejection from the buy zone or a strong 4H close above 4600-4630
Targets: 4630 - 4765 - 4848
Invalidation: Sustained break and close below 4490
Overall dips remain buying opportunities unless price decisively breaks below 4420 which would signal a deeper corrective phase.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Trade attivo
Gold is holding a bullish structure within a rising channel. Price recently swept liquidity near the 4550-45 support zone and reacted strongly from the ascending trendline indicating buyers are still active. As long as gold stays above 4545 the bias remains bullish with upside targets toward 4625-50 followed by 4700+ if momentum continues. A sustained break below 4545 would weaken the bullish outlook and open room for a deeper pullback.
Trade chiuso: obiettivo raggiunto
Gold all targets are achieved successfully.
Now the main question is what comes next. In my opinion gold may go up a bit more possibly to 4890 or 4929 and then move down. Right now i am looking for a short position expecting gold to fall from those levels. But if price holds above them then 5000 could be the next target and gold may not drop much unless there is some positive news from Trump which doesnt seem likely hahaha. Let’s see.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.