Gold’s Surge: New Highs, Key Resistance, and the Path to 2720
Hello,
XAU/USD has been on a strong upward trajectory, repeatedly reaching new all-time highs. Gold has just recorded its best quarter since 1986, solidifying its status as the ultimate safe haven amid economic uncertainty. Factors such as Trump’s trade war and the weakening U.S. dollar—on track for its worst year since the 2008 financial crisis—have further reinforced gold’s appeal as a reliable hedge.
Currently, gold is testing a significant resistance zone. If this level holds, the price could move toward 2720, provided key conditions are met along the way. A strong early signal would be whether the price remains comfortably below the 1W PP, which could pave the way for movement toward the 1M PP. Should this level act as resistance, the path to 2720 becomes more likely.
While such a scenario may seem unlikely under current market conditions, history has shown that when things appear strongest, declines often follow. Stay prepared, and good luck!
The Support and Resistance outlined in green and red are the respective support/resistance for this pair currently for 1D-1Y timeframes!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
XAU/USD has been on a strong upward trajectory, repeatedly reaching new all-time highs. Gold has just recorded its best quarter since 1986, solidifying its status as the ultimate safe haven amid economic uncertainty. Factors such as Trump’s trade war and the weakening U.S. dollar—on track for its worst year since the 2008 financial crisis—have further reinforced gold’s appeal as a reliable hedge.
Currently, gold is testing a significant resistance zone. If this level holds, the price could move toward 2720, provided key conditions are met along the way. A strong early signal would be whether the price remains comfortably below the 1W PP, which could pave the way for movement toward the 1M PP. Should this level act as resistance, the path to 2720 becomes more likely.
While such a scenario may seem unlikely under current market conditions, history has shown that when things appear strongest, declines often follow. Stay prepared, and good luck!
The Support and Resistance outlined in green and red are the respective support/resistance for this pair currently for 1D-1Y timeframes!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Dagangan aktif
Nota
Updated PP are: 1D PP 3075.3, 1W PP 3058.052Nota
Updated 1M PP 3036.523Dagangan ditutup secara manual
While a potential dip towards 2937 remains possible, the intensifying tariff war suggests that the upside will likely prevail from this point forward, with momentum targeting 3272.314!
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.
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.