The gold market continues to show the strength of the upward trend. After yesterday's shakeout, we witnessed a very clear Long Squeeze: all buying forces were forced to exit, but immediately after, the price quickly rebounded. This is the hallmark of a strong trend – the more it shakes out, the more momentum it creates for a new peak.
Today's perspective:
Continue to follow Buy, do not SELL against the trend.
The Buy position from 3797 is still held, if the price returns to retest, we will continue to add orders.
Prioritize observing the POC of the Volume Profile to place Buy orders, in case the price adjusts deeper, the VAL area coinciding with the rising trendline will be an extremely safe buying point.
Trading scenario
Buy 3847–3844, SL 3840, TP 3868 – 3880 – 3900 – 3915
Buy 3821–3819, SL 3814, TP 3835 – 3850 – 3868 – open
In summary: The upward trend remains extremely strong, the short-term target is ATH 3915. Just follow the trend, prioritize Buy to maximize profits.
This is my personal view on XAUUSD. Please follow the scenario and follow me to get the earliest updates.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔥10–15 daily XAUUSD & Forex signals
📈86% win rate per session
⏱️Real-time alerts with solid technical analysis
💡Consistency comes from the right trading plan
👉 Join my group for full signals & insights in real time t.me/+mQohGVIsAythYTk1
📈86% win rate per session
⏱️Real-time alerts with solid technical analysis
💡Consistency comes from the right trading plan
👉 Join my group for full signals & insights in real time t.me/+mQohGVIsAythYTk1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
