GOLD → Trading strategy for 500 Pips
Hello dear traders, let's discuss and plan our gold trading strategy for today together!
Currently, gold is trading around $2913 and performing well within the 1-hour upward channel.
The main reason for this price increase is market sentiment, as Trump's tariff policies could potentially trigger a trade war. Additionally, the cryptocurrency market is in crisis, causing investors to seek safe-haven assets like gold. Furthermore, strong gold buying pressure from Asian countries at the start of the year is also driving demand.
As shown on the 1-hour chart, gold remains above the EMA 34, 89 lines, confirming a strong bullish trend. Despite positive CPI data for currencies, gold's strong recovery signals that buying pressure has returned.
In the short term, we continue to prioritize buy-on-dip strategies :)
BUY zones to watch:
2875 - 2880
2850 - 2855
2830 - 2835
Currently, gold is trading around $2913 and performing well within the 1-hour upward channel.
The main reason for this price increase is market sentiment, as Trump's tariff policies could potentially trigger a trade war. Additionally, the cryptocurrency market is in crisis, causing investors to seek safe-haven assets like gold. Furthermore, strong gold buying pressure from Asian countries at the start of the year is also driving demand.
As shown on the 1-hour chart, gold remains above the EMA 34, 89 lines, confirming a strong bullish trend. Despite positive CPI data for currencies, gold's strong recovery signals that buying pressure has returned.
In the short term, we continue to prioritize buy-on-dip strategies :)
BUY zones to watch:
2875 - 2880
2850 - 2855
2830 - 2835
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t.me/+paad547_JSVjNTll
✅80% Win Rate Signals - Free, high-quality signals to boost your success.
✅Expert Trading Strategies
✅Exclusive Tips & Insights
⭐️Join our FREE Signal Channel for instant benefits:
t.me/+paad547_JSVjNTll
✅80% Win Rate Signals - Free, high-quality signals to boost your success.
✅Expert Trading Strategies
✅Exclusive Tips & Insights
t.me/+paad547_JSVjNTll
✅80% Win Rate Signals - Free, high-quality signals to boost your success.
✅Expert Trading Strategies
✅Exclusive Tips & Insights
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