The bull market is not over yet, gold is heading towards 3400
Sentiment Misjudgment:
A significant number of market participants misread the price action, anticipating a technical pullback based on historical precedent. However, gold defied expectations, breaking to fresh all-time highs, indicating a departure from traditional market behavior.
Recent Price Performance:
Gold has rallied from $2970 to $3380, registering a $400+ gain, now approaching the critical psychological barrier at $3400, supported by strong momentum.
Macro Drivers:
The global economy is entering a stagflationary phase, with persistently low real interest rates increasing gold’s appeal as an inflation hedge.
Geopolitical tensions are escalating, heightening demand for safe-haven assets.
The U.S. Federal Reserve’s independence is under pressure amid political interference, reinforcing expectations for a policy pivot.
A shift away from the "cash is king" doctrine is emerging, with gold reasserting its role as a store of value in a global rebalancing of capital.
Technical Outlook:
Gold maintains a structurally bullish setup, with key intraday supports at $3365 and $3355. Sustained trading above this zone increases the probability of a breakout toward $3390–$3395, with further upside potential in the U.S. session.
Strategic Recommendations:
Avoid holding long-term short positions against the prevailing trend.
Treat any corrective pullbacks as opportunities for accumulation within a broader bullish cycle.
Use $3360 as the key pivot level, maintaining a buy-on-dip strategy as long as it holds.
Stay disciplined with risk management and be a "friend of the trend"—let time compound the value of correct positioning.
A significant number of market participants misread the price action, anticipating a technical pullback based on historical precedent. However, gold defied expectations, breaking to fresh all-time highs, indicating a departure from traditional market behavior.
Recent Price Performance:
Gold has rallied from $2970 to $3380, registering a $400+ gain, now approaching the critical psychological barrier at $3400, supported by strong momentum.
Macro Drivers:
The global economy is entering a stagflationary phase, with persistently low real interest rates increasing gold’s appeal as an inflation hedge.
Geopolitical tensions are escalating, heightening demand for safe-haven assets.
The U.S. Federal Reserve’s independence is under pressure amid political interference, reinforcing expectations for a policy pivot.
A shift away from the "cash is king" doctrine is emerging, with gold reasserting its role as a store of value in a global rebalancing of capital.
Technical Outlook:
Gold maintains a structurally bullish setup, with key intraday supports at $3365 and $3355. Sustained trading above this zone increases the probability of a breakout toward $3390–$3395, with further upside potential in the U.S. session.
Strategic Recommendations:
Avoid holding long-term short positions against the prevailing trend.
Treat any corrective pullbacks as opportunities for accumulation within a broader bullish cycle.
Use $3360 as the key pivot level, maintaining a buy-on-dip strategy as long as it holds.
Stay disciplined with risk management and be a "friend of the trend"—let time compound the value of correct positioning.
Dagangan aktif
Gold remains firmly within a bullish structure, exhibiting a pattern of steady upside momentum in the short term. All price pullbacks are increasingly being interpreted as opportunities to re-enter long positions, with market sentiment skewed decisively toward the bullish side.The previous key resistance near $3,380 has been cleanly breached, and the price is now consolidating above $3,390, signaling a valid technical breakout. If the bullish momentum continues, the next target resistance lies at $3,419.
Trading Strategy:
Traders are advised to monitor support near $3,369. Should the price retrace by approximately $15–$20, it may offer an optimal entry point for long positions. A tight stop-loss of $9 is recommended to ensure favorable risk-reward control.
The broader trend remains positive, and counter-trend strategies are discouraged at this stage. Stay aligned with the momentum, apply disciplined entries on dips, and watch for any external catalysts that may impact short-term volatility.
Market trading is not only as sharp as a falcon, but also as delicate as a painting!
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Market trading is not only as sharp as a falcon, but also as delicate as a painting!
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.