XAU/USD - Overwhelming Buying Power - ATH 3100?

28 Mar

🔔🔔🔔Gold news:

👉 Gold prices surged to a new all-time high above $3,070 during Asian trading on Friday as escalating global trade tensions, uncertainty over Trump's reciprocal tariffs, and risk-off sentiment continued to drive safe-haven demand. Expectations that the Federal Reserve may soon resume its rate-cutting cycle further supported bullion.

👉 Despite recent economic data indicating the U.S. economy remains strong, concerns over tariffs overshadowed optimism, leading to a decline in the U.S. dollar and Treasury yields while pushing gold prices higher.

Personal opinion:
👉 Gold continued to rally strongly during the Asian session. Currently, buyers are taking profits and there is a possibility that prices will decline.

👉RSI entered the overbought zone and showed signs of divergence, further increasing this possibility. Therefore, waiting for prices to decline and buying at a profit is a positive decision. Limit selling at this time because it is very risky. The target of 3100 is not far away and will be achieved soon in the near future.

👉 Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy.

Resistance zone: 3078 - 3100
Support zone: 3047 - 3060


Plan:
🔆Price Zone Setup:

👉Buy Gold 3059- 3062 ( Scalping)
❌SL: 3054 | ✅TP: 3067 - 3075 - 3082

👉Buy Gold 3045- 3047
❌SL: 3040 | ✅TP: 3052 - 3057 - 3065

👉Sell Gold 3100 - 3097
❌SL: 3104 | ✅TP: 3094 – 3088 – 3080


FM wishes you a successful trading day 💰💰💰

28 Mar

İşlem aktif

Gold is moving sideways in the 3067 - 3087 range this weekend - unlikely to break out to new ATH

31 Mar

İşlem kapandı: hedefe ulaştı

check gold
Hit + 210 pips from sell 3098
congratulation
profit for you