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If you use this strategy π«΅π» you will become a profitable trader π₯π«π«΅π»
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β’ To have a comeback, you have to have a setback. ...
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Today live Running update #XAUUSD β‘οΈ goβ¦β¦β¦
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Again all time high βοΈπ―
Technical levels β Gold has recently hit record highs (~$3,700+), but faces resistance, and some indicators suggest itβs overbought in the short term. Pullbacks or consolidations are natural.
Here are some key levels and what the charts are suggesting:
β’ Support zones to watch: ~$3,660, ~$3,650 are immediate supports. If gold drops through those, then lower support around ~$3,600β3,580.
β’ Resistance zones: ~$3,700 is a key resistance. Beyond that, $3,740 and possibly ~$3,750 if the momentum holds.
β’ Support zones to watch: ~$3,660, ~$3,650 are immediate supports. If gold drops through those, then lower support around ~$3,600β3,580.
β’ Resistance zones: ~$3,700 is a key resistance. Beyond that, $3,740 and possibly ~$3,750 if the momentum holds.
π
(Short-term impact focused β Educational purpose only)
π₯ Main Drivers Right Now
1οΈβ£ USD Strength / Weakness
β’ If US Dollar weakens β Gold goes UP
β’ If US Dollar strengthens β Gold goes DOWN
π Watch DXY movement (inverse relation with gold)
βΈ»
2οΈβ£ Bond Yields (US Treasury)
β’ Yields down β Gold bullish
β’ Yields up β Gold bearish
Next 2 hours: If yields stay soft β buyers remain active.
βΈ»
3οΈβ£ Risk Sentiment (Market Mood)
β’ Stock market red / fear in market β Gold buying (safe haven)
β’ Stock market green / risk-on β Gold selling
(Short-term impact focused β Educational purpose only)
π₯ Main Drivers Right Now
1οΈβ£ USD Strength / Weakness
β’ If US Dollar weakens β Gold goes UP
β’ If US Dollar strengthens β Gold goes DOWN
π Watch DXY movement (inverse relation with gold)
βΈ»
2οΈβ£ Bond Yields (US Treasury)
β’ Yields down β Gold bullish
β’ Yields up β Gold bearish
Next 2 hours: If yields stay soft β buyers remain active.
βΈ»
3οΈβ£ Risk Sentiment (Market Mood)
β’ Stock market red / fear in market β Gold buying (safe haven)
β’ Stock market green / risk-on β Gold selling