Reviewing Last Week’s Precision Play
Last week’s analysis played out flawlessly, securing a pinpoint entry that ran to full target for over 900 pips. The synergy between technical and fundamental analysis was spot on, reinforcing our ability to anticipate price movements with precision. Gold’s bullish momentum was driven by a combination of technical breakouts and fundamental catalysts, leading to a historic rally that we capitalized on with textbook execution.
Weekly Outlook: Gold’s Next Move
Weekly Timeframe – Breaking New Barriers
Gold has officially broken out of its trend and key resistance, confirming a continuation of the bullish trend. The weekly chart now suggests further upside, with previous resistance expected to flip into support.
Daily Timeframe – Fibonacci Respect & Trend Shift
Analyzing the last high-to-low Fibonacci retracement, price has respected key fib levels before breaking structure. Additionally, the break of the trendline with no retest aligns with old resistance turning into new support a critical level for potential entries.
4H Timeframe – Expecting a Healthy Pullback
A retracement to support, fib levels, and trendline confluence is likely, with price looking to fill the Fair Value Gap (FVG) left by last week’s impulsive rally.
1H Timeframe – Head & Shoulders Reversal Pattern
The short-term structure shows a head and shoulders reversal, which signals a potential pullback before continuing the bullish momentum.
Short-term pullback: 2992 - 2994 presents a strong AOI (area of interest) for shorts, given the supply zone and resistance confluence.
Bullish continuation: A retracement to 2961 - 2951 would be an ideal long entry for a push toward 3030, the next Fibonacci resistance level.
Gold Remains Bullish – Despite recent highs, $3,000 is not the top—it's just the beginning. Geopolitical uncertainty, central bank demand, and inflationary pressures continue to favor gold’s upside.
Higher timeframes remain bullish, and fundamentals continue to support gold’s upside momentum. Expect a short-term pullback before another leg up, with $3,000 as a milestone, not a ceiling. The week ahead presents multiple high-probability setups, making patience and precision key.
Last week’s analysis played out flawlessly, securing a pinpoint entry that ran to full target for over 900 pips. The synergy between technical and fundamental analysis was spot on, reinforcing our ability to anticipate price movements with precision. Gold’s bullish momentum was driven by a combination of technical breakouts and fundamental catalysts, leading to a historic rally that we capitalized on with textbook execution.
Weekly Outlook: Gold’s Next Move
Weekly Timeframe – Breaking New Barriers
Gold has officially broken out of its trend and key resistance, confirming a continuation of the bullish trend. The weekly chart now suggests further upside, with previous resistance expected to flip into support.
Daily Timeframe – Fibonacci Respect & Trend Shift
Analyzing the last high-to-low Fibonacci retracement, price has respected key fib levels before breaking structure. Additionally, the break of the trendline with no retest aligns with old resistance turning into new support a critical level for potential entries.
4H Timeframe – Expecting a Healthy Pullback
A retracement to support, fib levels, and trendline confluence is likely, with price looking to fill the Fair Value Gap (FVG) left by last week’s impulsive rally.
1H Timeframe – Head & Shoulders Reversal Pattern
The short-term structure shows a head and shoulders reversal, which signals a potential pullback before continuing the bullish momentum.
Short-term pullback: 2992 - 2994 presents a strong AOI (area of interest) for shorts, given the supply zone and resistance confluence.
Bullish continuation: A retracement to 2961 - 2951 would be an ideal long entry for a push toward 3030, the next Fibonacci resistance level.
Gold Remains Bullish – Despite recent highs, $3,000 is not the top—it's just the beginning. Geopolitical uncertainty, central bank demand, and inflationary pressures continue to favor gold’s upside.
Higher timeframes remain bullish, and fundamentals continue to support gold’s upside momentum. Expect a short-term pullback before another leg up, with $3,000 as a milestone, not a ceiling. The week ahead presents multiple high-probability setups, making patience and precision key.
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.