Gold Extends Gains – Will It Set a New ATH Before ADP Nonfarm?

semalam

🌍 Market Overview:
Gold continues its bullish expansion, reaching another All-Time High (ATH) as the USD weakens. The shift in Trump’s tariff policies has significantly impacted market sentiment:

🔹 Postponed tariffs on Canada & Mexico, improving investor confidence.
🔹 China’s tariff retaliation remains symbolic, having minimal real economic impact.

Additionally, weak U.S. economic data further fueled gold’s rally:
📉 JOLTS Job Openings: Lower-than-expected employment data, signaling labor market weakness.
🏠 Factory Orders Decline, reflecting slowing manufacturing activity.

⚡️ The Result?
👉 Gold continues to break records, hitting 2848 - 2850 this morning, a key Fibonacci Extension (FE) resistance zone. However, selling pressure remains weak, and price action still favors bulls. NO FOMO SELL at this level!

📊 Today's Trading Strategy – CMF SimpleTrade

🔥 Prioritize Buying as USD weakens, and gold holds strong.
⚠️ Wait for confirmed signals to Sell, especially at key psychological & FIBO resistance levels for potential reversals.

🔵 BUY SCALP:
📍 Entry: 2830 - 2828
❌ SL: 2825
🎯 TP: 2835 - 2840 - 2844 - 2848 - 2855

🟢 BUY ZONE:
📍 Entry: 2822 - 2820
❌ SL: 2816
🎯 TP: 2826 - 2830 - 2834 - 2838 - 2845 - 2850 - ???

🔴 SELL SCALP:
📍 Entry: 2879 - 2881
❌ SL: 2885
🎯 TP: 2875 - 2870 - 2866 - 2862 - 2858 - 2852

🔻 SELL ZONE:
📍 Entry: 2893 - 2895
❌ SL: 2898
🎯 TP: 2890 - 2886 - 2882 - 2878 - 2872 - 2865

⚠️ Key Takeaways:
The market remains highly volatile, with low liquidity, primarily driven by market maker manipulations. Be cautious of liquidity traps and emotional trading.

✅ Strictly follow TP/SL to protect your capital!
📩 Follow KevinNguyen-SimpleTrade for top-tier market insights and trading strategies! 🚀

💬 What’s Your Take on Gold?
📉 Will it keep breaking ATH or start a major correction?
👉 Comment below & Follow for real-time updates! 🚀

11 jam lalu

Dagangan aktif

🔥 Gold & USD: Key Market Moves After ADP and ISM PMI 🔥
📊 Key Economic Events Recap
ADP Nonfarm Employment Change:

Previous: 122K | Forecast: 148K | Actual: 183K
Impact: Positive for USD, with short-term strength reflecting better-than-expected labor market data.
ISM Services PMI:

Weak data shortly after the ADP report reignited concerns about the US economy, causing USD to weaken again.
👉 Market Reaction: Gold initially retraced after ADP but rebounded strongly following ISM PMI, resuming its bullish momentum.

💡 Gold Analysis & Plan
Gold retraced to a critical Continuation Pattern (CP) area to fill liquidity gaps (FVG) before rebounding sharply. The primary trend remains bullish, with key resistance levels to watch.

🔗 Chart for Reference:

📈 Trading Plan
Buy Zone: Focus on opportunities near FVG areas or confirmed bullish signals.
Resistance Levels: Monitor key zones highlighted in the chart above.
⚠️ Note: Maintain strict TP/SL levels to protect your capital during volatile conditions.

📩 Follow KevinNguyen-SimpleTrade for expert market insights and strategies! 🚀
💬 What are your thoughts on gold and USD? Drop a comment and let’s discuss!

10 jam lalu

Dagangan ditutup: sasaran tercapai

🔥 150 Pips Secured – Precision Trading at Its Best! 🔥
💰 Massive WIN! The 2879 - 2881 price zone, highlighted in advance from the Asian to European session, delivered a perfect market reaction in the U.S. session, triggering a powerful drop and securing FULL TP with nearly 150 pips profit! 🎯📉

🚀 This is why planning ahead matters!
👉 Crystal-clear setup – Precise entry – Maximum profit secured!

📊 Are you still missing out on high-probability trades like this?
Stop guessing & start trading with confidence!

🔗 Check the chart breakdown:

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💬 Did you ride this move? Comment below and share your results! 🔥