Gold Pulls Back at ATH 2880 – Major Move Incoming!
📈 Gold continues its unstoppable rally, setting new all-time highs (ATH) almost daily! With escalating global economic and political tensions, especially the U.S. trade war with other nations, gold remains the top safe-haven asset attracting massive demand.
💡 The Fed warns of inflation risks due to Trump’s tariffs, potentially delaying rate cuts. Meanwhile, ADP data exceeded expectations, with 183K new jobs vs. the 150K forecast, signaling a potential USD recovery.
🔥 This Week’s Key Event – Nonfarm Payrolls (NFP) on Feb 7!
The upcoming NFP report will be the biggest market mover, not just for USD and gold, but for the entire financial market. Expect high volatility and major trend shifts!
📊 Technical Analysis – Major Breakout Ahead!
Gold pulled back 20 points from ATH, confirming a psychological resistance zone. Currently, price is sideways between 2875 - 2858, waiting for a breakout to define the next move.
🔹 Today's Trading Strategy:
👉 Follow the breakout direction for maximum profit opportunities!
📍 Key Levels to Watch:
🔺 Resistance: 2876 - 2882 - 2894 - 2902
🔻 Support: 2859 - 2840 - 2830 - 2816
📌 Trade Plan – Precision Entries for High Reward!
🎯 BUY SCALP:
📍 Entry: 2842 - 2840
❌ SL: 2836
🎯 TP: 2846 - 2850 - 2855 - 2860 - 2866 - 2870
🚀 BUY ZONE:
📍 Entry: 2831 - 2829
❌ SL: 2825
🎯 TP: 2835 - 2840 - 2844 - 2848 - 2854 - 2860 - ???
🔻 SELL SCALP:
📍 Entry: 2893 - 2895
❌ SL: 2899
🎯 TP: 2890 - 2886 - 2882 - 2878 - 2875 - 2870 - 2866
⚡ SELL ZONE:
📍 Entry: 2902 - 2904
❌ SL: 2908
🎯 TP: 2898 - 2895 - 2892 - 2888 - 2884 - 2880 - ???
⚠️ RISK MANAGEMENT – LOCK IN PROFITS!
📌 We secured solid profits yesterday, but don’t get overconfident!
✅ Stick to TP/SL rules to protect your capital amid unpredictable market movements.
📩 Follow KevinNguyen-SimpleTrade for daily expert trade setups! 🚀
💬 Will gold continue setting new ATHs, or is a major pullback coming? Drop your thoughts below!
💡 The Fed warns of inflation risks due to Trump’s tariffs, potentially delaying rate cuts. Meanwhile, ADP data exceeded expectations, with 183K new jobs vs. the 150K forecast, signaling a potential USD recovery.
🔥 This Week’s Key Event – Nonfarm Payrolls (NFP) on Feb 7!
The upcoming NFP report will be the biggest market mover, not just for USD and gold, but for the entire financial market. Expect high volatility and major trend shifts!
📊 Technical Analysis – Major Breakout Ahead!
Gold pulled back 20 points from ATH, confirming a psychological resistance zone. Currently, price is sideways between 2875 - 2858, waiting for a breakout to define the next move.
🔹 Today's Trading Strategy:
👉 Follow the breakout direction for maximum profit opportunities!
📍 Key Levels to Watch:
🔺 Resistance: 2876 - 2882 - 2894 - 2902
🔻 Support: 2859 - 2840 - 2830 - 2816
📌 Trade Plan – Precision Entries for High Reward!
🎯 BUY SCALP:
📍 Entry: 2842 - 2840
❌ SL: 2836
🎯 TP: 2846 - 2850 - 2855 - 2860 - 2866 - 2870
🚀 BUY ZONE:
📍 Entry: 2831 - 2829
❌ SL: 2825
🎯 TP: 2835 - 2840 - 2844 - 2848 - 2854 - 2860 - ???
🔻 SELL SCALP:
📍 Entry: 2893 - 2895
❌ SL: 2899
🎯 TP: 2890 - 2886 - 2882 - 2878 - 2875 - 2870 - 2866
⚡ SELL ZONE:
📍 Entry: 2902 - 2904
❌ SL: 2908
🎯 TP: 2898 - 2895 - 2892 - 2888 - 2884 - 2880 - ???
⚠️ RISK MANAGEMENT – LOCK IN PROFITS!
📌 We secured solid profits yesterday, but don’t get overconfident!
✅ Stick to TP/SL rules to protect your capital amid unpredictable market movements.
📩 Follow KevinNguyen-SimpleTrade for daily expert trade setups! 🚀
💬 Will gold continue setting new ATHs, or is a major pullback coming? Drop your thoughts below!
Trade attivo
🔥 Gold Breaks Out of the Channel – Is a Major Drop Coming? 🔥
📊 Key Market Update:
During the Asian and European sessions, USD showed a mild recovery at the old FVG resistance of DXY. This led to a notable correction in major USD-related forex pairs like GBP/USD and EUR/USD.
💥 Gold reacted sharply, breaking out of its parallel ascending channel!
The price plunged from 2868 down to 2848, dropping nearly 20 points at the start of the European session, creating a significant trading opportunity.
📈 Trading Plan – Watch for a Re-Test Before Entering!
🚀 Gold has retraced, but the 2860 - 2862 resistance zone has already been broken!
👉 Currently, price is forming a Continuation Pattern (CP) around 2860 - 2862, aligning with multiple confluences, signaling a potential strong drop towards our planned target zone!
🎯 Target: Price could continue dropping towards 2840, providing an ideal BUY opportunity according to the plan!
🔗 Check the detailed chart here:
⚡ Don't Miss This High-Probability Move!
✅ Volatility is increasing, stay alert for the next breakout!
📌 Stick to your TP/SL strategy – Wait for the perfect entry!
📩 Follow KevinNguyen-SimpleTrade for real-time market updates & high-accuracy trading strategies! 🚀
💬 Do you think gold will continue dropping or bounce back up? Drop your thoughts in the comments! 🔥
👋 KevinNguyen-SimpleTrade brings you exciting updates this week:
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+Ie_04nofbRc3OWQ1
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+Ie_04nofbRc3OWQ1
👋 KevinNguyen-SimpleTrade brings you exciting updates this week:
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+Ie_04nofbRc3OWQ1
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+Ie_04nofbRc3OWQ1
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