Overall, the market maintains its momentum towards record levels ($3500), but low liquidity may increase volatility. Technically, gold is strongly bullish. The price is striving to test the ATH - 3500. Before that, consolidation or a retest of the 3469-3460 zone may form. The dollar is weak at the moment and continues to trend downward, which generally supports gold.
📊 XAU/USD Trading Plan
✅ Bias: Strongly Bullish
✅ Market Outlook: Gold maintains upward momentum toward $3500 ATH. Weak USD continues to support gold, though low liquidity may add volatility.
🔑 Key Levels:
Support Zone: 3469 – 3460
Resistance Levels: 3492 – 3500 (ATH)
📌 Signal 1 (Buy the Dip):
Entry: 3465 – 3460
SL: 3459
TP1: 3488
TP2: 3498 – 3500
📌 Signal 2 (Breakout Buy):
Entry: Above 3492 (confirmed breakout)
SL: 34787
TP1: 3500
TP2: 3512
⚠️ Note: Expect higher volatility due to thin liquidity. Manage risk carefully with strict SL.
📊 XAU/USD Trading Plan
✅ Bias: Strongly Bullish
✅ Market Outlook: Gold maintains upward momentum toward $3500 ATH. Weak USD continues to support gold, though low liquidity may add volatility.
🔑 Key Levels:
Support Zone: 3469 – 3460
Resistance Levels: 3492 – 3500 (ATH)
📌 Signal 1 (Buy the Dip):
Entry: 3465 – 3460
SL: 3459
TP1: 3488
TP2: 3498 – 3500
📌 Signal 2 (Breakout Buy):
Entry: Above 3492 (confirmed breakout)
SL: 34787
TP1: 3500
TP2: 3512
⚠️ Note: Expect higher volatility due to thin liquidity. Manage risk carefully with strict SL.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.