USD WEAKENS, GOLD RALLIES ON TRUMP'S INAUGURATION

3 hari lalu

🌍 Market Overview:
President Donald Trump’s inauguration today has drawn significant global attention.
The USD continues to weaken amid concerns over new trade and fiscal policies.
Gold reacted strongly, rising more than 0.3% to surpass $2,710/ounce.

🔸 Factors Driving Gold’s Rally:
Weak USD: The DXY index dropped to a near two-month low, providing strong support for gold.
Trump’s Policy Stance: Mixed expectations on the new fiscal and trade policies are fueling demand for safe-haven assets.
Risk Sentiment: Investors are turning to gold to hedge against potential volatility during this political transition.

📊 XAUUSD Technical Analysis:

Key Support Levels:
$2,696 - $2,690: Serves as the nearest support zone in case of a correction.

Key Resistance Levels:
$2,723 - $2,725: A short-term target.
$2,745 - $2,747: The next target if the bullish trend continues.
$2,760 - $2,762

💡 Suggested Trading Strategy:
BUY SCALP: 2712 - 2710
SL : 2706
TP : 2716 - 2720 - 2724

BUY ZONE: 2696 - 2694
SL : 2690
TP : 2700 - 2704 - 2710 - 2716 - ????

SELL SCALP: 2744 - 2746
SL : 2750
TP : 2740 - 2736 - 2730 - 2724 - ????

SELL ZONE: 2760 - 2762
SL : 2766
TP : 2755 - 2750 - 2745 - 2740 - ????
⚠️ Reminder:
Always set Take-Profit (TP) and Stop-Loss (SL) levels to protect your account and ensure safety in volatile markets.

🤔 What’s your view on gold’s movement this week?

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3 hari lalu

Dagangan aktif

Trump’s Policies: USD in Focus, Gold Reacts Strongly
🌍 Overview:
Today, gold prices continued their strong rally, breaking above the $2,724 level as the USD weakens due to concerns over President Trump’s new policies. The chart currently shows positive momentum in key price zones.

Gold is maintaining its bullish trend for now, but with Trump’s inauguration speech expected to include pivotal statements, there’s a possibility of a reversal favoring the USD. For now, follow the trend and look for SELL opportunities when reversal signals appear.

📊 XAUUSD Key Price Levels to Watch:

Support Levels:

$2,716 - $2,722: Nearest support zone if a correction occurs.
$2,696 - $2,690: Strong support maintaining the bullish structure.
Resistance Levels:

$2,740 - $2,745: Key resistance zone. A breakout could push prices toward $2,750.
💡 Suggested Trading Strategy:

BUY ZONE:

Entry: $2,716 - $2,722
SL: $2,714
TP: $2,730 - $2,740 - $2,745
SELL ZONE:

Entry: $2,741 - $2,743 (if reversal signals appear).
SL: $2,750
TP: $2,730 - $2,724 - $2,716
⚠️ Reminder:
Always set Take-Profit (TP) and Stop-Loss (SL) levels to protect your account and ensure safety in volatile market conditions.

🤔 What’s your view on gold’s movement this week?
👉 Leave a comment and follow for more updates from KevinNguyen-SimpleTrade! 🚀

Let me know if further refinements are needed! 😊

3 hari lalu

Dagangan ditutup: sasaran tercapai

🚀 50 Pips Secured – A Reward for Your Patience!

A big thank you to everyone who trusted and followed today’s analysis! The trade from the 2744 - 2746 zone delivered a strong 50 pips profit – a late but well-deserved gift for the community.

🎯 What’s next?

SL moved to entry: Your risk is now zero. Let’s maximize this opportunity and aim for more!
Stay tuned for updates – together, we’ll capture the best moves.
📈 Check the chart here and let’s ride this momentum!


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