Bentradegold

Dear friends, Ben here!Gold has broken out of its bullish channel, sparking an impressive surge and currently trading above a key intermediate range. Notably, there has been no pullback following the strong rally. Instead, the market is consolidating—a sign of a solid support zone.What’s driving gold’s bullish momentum?-Economic Policy Support: Trade tensions under the Trump administration and expectations of a Fed rate cut continue to fuel gold’s rally.-Caution Ahead of the Fed’s Speech: Investors are closely watching the Federal Reserve’s statements, as any signals on monetary policy could trigger market fluctuations.-Economic & Geopolitical Risks: Fears of a global slowdown, trade conflicts, and escalating geopolitical tensions are strengthening demand for gold as a safe-haven asset.Technical Outlook:-If gold holds above 2993, we could see further strong upward momentum.-However, a temporary correction may occur, with the liquidity zone between 2981 – 2977 acting as a key support level before a potential rebound.Trading Strategy:Watch price action around 2993—if buyers maintain control, be prepared for another strong rally! However, if the price retraces, the 2981 – 2977 area could present an attractive entry point for long positions.Best regards, Bentradegold!

Dear traders, Ben here!Gold is rising after being squeezed and consolidating at the highest level of the 2926 - 2893 range, which is generally a sign that the market is ready to break resistance. But it all depends on the news ahead...Traders are eagerly awaiting US CPI data. The dollar is recovering somewhat ahead of the news, and this is affecting gold, but weak inflation data could push prices higher once again.New trade measures, driven by Trump’s tariff war and geopolitical tensions, are adding extra pressure to the market. A major challenge is the lack of clear direction from global leaders, as their decisions keep changing: one moment they impose tariffs, the next they revoke them. This uncertainty is leading to insufficient market volatility, making it more difficult for traders to navigate.Key Levels:Resistance: 2920, 2926Support: 2910, 2893Emphasizing 2926, a breakout above this level will trigger an upward move. Right now, the price is attempting to escape local consolidation to test 2926, from which a slight pullback may occur before another breakout. Focus on CPI, weak data could provide further support for gold's upside.Regards Bentradegold!

Hello everyone, Ben here! XAUUSD is consolidating within the 2926 - 2890 range. The overall market remains bullish, but there are signs of short-selling or pre-news selling ahead of the major economic data release scheduled for Wednesday.The market is eagerly awaiting U.S. inflation and employment data, which could play a crucial role in shaping the Federal Reserve’s next move. Despite a weaker dollar and growing expectations of monetary easing, Fed Chair Jerome Powell remains cautious, signaling a prudent approach to policy adjustments.On the other hand, gold demand continues to be strongly supported by China, as the country increases its purchases. At the same time, rising concerns over stagflation in the U.S. further enhance gold’s appeal as a safe-haven asset. However, traders are closely monitoring upcoming economic reports and the potential impact of China's tariffs on U.S. goods, which could add further market volatility.The key focus now is 2926, where price action is shaping a potential accumulation phase before a breakout. If price stabilizes above this resistance, it could trigger a significant bullish impulse, signaling a continuation of the uptrend.However, a major challenge remains—if the price accelerates too quickly toward resistance, the risk of a false breakout increases. In such a scenario, the market may pull back to 2890 to test liquidity zones, ensuring structural confirmation before making a legitimate move back toward 2926 and beyond.What are your thoughts on gold?Best regards, Bentradegold!

XAUUSD is currently trading within the 2926 - 2894 range, signaling a pause after its recent strong uptrend. If a false support breakdown occurs, the market could quickly revert, especially amid signs of a recovering USD.However, a weaker dollar and expectations of a Federal Reserve policy shift toward easing continue to support gold demand. Despite the temporary suspension of Trump’s tariff measures, the precious metal remains in focus as a safe-haven asset.Traders are now closely watching the NFP report, which could dictate the dollar’s future trajectory and influence Fed policy decisions. In the short term, attention will be on Initial Jobless Claims data, which may provide early signals about the U.S. labor market.Technical Outlook-Gold remains within the 2926 - 2894 range, potentially testing liquidity near the 2894 support zone.-An unfilled fair value gap (FVG) below 2894 could lead to a brief dip before a rebound.-Given the bullish long-term trend in gold and the ongoing dollar weakness, the probability of a price recovery remains high.In this scenario, gold may fake out a breakdown, grab liquidity near support, and then resume its broader uptrend.Best regards, Bentradegold!

XAUUSD breaking through the resistance threshold of the downward trend and attempting to seek gains above the critical resistance zone of 2881. A consolidation before the breakout is forming relative to 2894, signaling potential growth on the dollar's correction foundation.Previously, Trump confirmed the possibility of imposing 25% tariffs on Canada, Mexico, and China, triggering retaliatory measures and increasing the risk of U.S. recession. Declining PMI and Atlanta Fed's GDP led to a sell-off on Wall Street and increased demand for gold as a protective asset.Geopolitical tensions persist as Trump suspends military aid to Ukraine, sparking European discontent. Market focus will remain on the release of detailed U.S. monthly employment information - commonly known as the Non-Farm Payroll (NFP) report on Friday. This crucial data will impact both USD and gold metal.Technically, the price surpassing the 2881 resistance level divides the market into two planes. A consolidation before breakthrough is forming relative to 2895. The resistance breakthrough and price consolidation above 2895 could reinforce growth. The buyers' main focus is maintaining defensive positions above 2885 - 2895.In the context of increasing economic risks and declining dollar, gold has every opportunity to continue its growth following the local trend change. The targets in this scenario are 2915, 2921, 2929.Best regards, Bentradegold!

XAUUSD testing ATH levels which could trigger growth momentum. The target of 3000 is getting closer day by day. Imminent in the near future...Metals are consolidating after the price surge, maintaining an upward trend. Supported by Trump's tax plan and Fed easing expectations.Meanwhile, the US Dollar (USD) and US Dollar Index (DXY) are significantly weaker. Markets are reacting to the delay in tariff implementation and comments from Trump and Powell about the need for interest rate cuts (requiring weeks or months before implementation), which has supported gold. Ahead lies potential profit-taking and impact from US Retail Sales data for January to be released.Resistance levels: 2942, 2950Support levels: 2929, 2923, 2908Emphasis on key support levels. From there, price will realize growth potential. I don't rule out the possibility of retesting 2929-2922 before buyers continue their action.Best regards, Bentradegold!

XAUUSD updating lows within the changing local trend structure. The price is currently testing the liquidity zone at 2852, with a potential rebound before further downside movement.Gold registered its lowest level in two weeks, dropping below $2,900 in Asia on Friday, breaking an eight-week bullish streak. The metal remains under pressure from the stronger U.S. dollar, influenced by Trump's tariff policies and U.S. economic conditions. Trump confirmed that tariffs on Canada and Mexico will take effect as scheduled on March 4 and also threatened to impose a 25% tariff on European Union imports, along with an additional 10% on Chinese goods. Additionally, weak U.S. GDP data (2.3% in Q4) and rising jobless claims have further supported the dollar. Traders are now awaiting the U.S. PCE Price Index to assess the Fed's interest rate outlook and its impact on gold.A false breakdown at 2852 could trigger a retracement toward the 0.618 Fibonacci imbalance zone at 2877 or the 0.5 level at 2885 before resuming the decline. Given both weak fundamental and technical conditions, gold may attempt to retest its recent lows.Best regards, Bentradegold!

XAUUSD returning to the trend following news (inflation). The northbound train may continue from 2907. Upcoming unemployment claims and PPI data.Gold is supported by uncertainty surrounding Trump's tariffs and economic data from the United States. The Fed remains hawkish due to rising inflation, pushing bond yields higher and driving prices down to $2,865 briefly. However, buyers quickly returned, pushing prices back up.Meanwhile, traders are awaiting PPI data which could influence Fed policy.Technically, prices are consolidating in the buying zone compared to key points at 2900 and 2907. If buyers can hold and strengthen above the 2907 resistance level, gold could update ATH in the medium term. Additionally, focus is on 2918 - 2920. Price consolidation above this zone will also support prices.Best regards,Bentradegold!

XAUUSD after a short-term uptrend, gold is now shifting into a consolidation phase, with speculative traders actively defending key risk zones. In this environment, what can we expect from the precious metal next?Uncertainty surrounding Trump’s tariff policies and weak U.S. economic data has driven investors back toward safe-haven assets. However, after reaching a record high of $2,956 on Tuesday, gold experienced a pullback due to profit-taking and a decline in Chinese imports. Despite this, weak U.S. consumer confidence data has helped support a partial recovery.While gold still holds bullish potential, its upside movement is being restrained by a stronger U.S. dollar and rising bond yields. However, trade war concerns continue to fuel demand for the metal.Key Levels to Watch:Resistance: 2,921 – 2,942Support: 2,905 – 2,888At this stage, the market is forming a sideways range, leading to two potential scenarios:A pullback to retest the 2,905 – 2,888 support zone before a potential rebound.A breakout above resistance, confirming a continuation of the bullish trend.If buyers can push gold into the 2,921 – 2,929 zone and maintain control above this level, the metal could regain upward momentum.Stay tuned and seize the best opportunities!

XAUUSD during the adjustment period, we are monitoring key risk zones from which the trend may continue or the correction could extend longer...The focus today is on the scheduled US CPI data release, which could provide new momentum for gold.Markets remain concerned about Trump's tariffs potentially triggering inflationary pressures, which could allow the Fed to maintain its hawkish stance.The US dollar strengthened significantly following speculation that the Fed will keep interest rates unchanged in the near future, putting pressure on gold prices for the second consecutive day on Wednesday.However, Trump also hinted at considering additional tariffs on goods, raising concerns about a global trade war and serving as a catalyst for this safe-haven precious metal.Gold's next movement depends on inflation data and Trump's tariff levels. If CPI exceeds forecasts, the dollar will strengthen and gold prices will decline. Conversely, weak data could support the metal's growth.Resistance levels: 2898, 2911, 2930Support levels: 2880, 2870, 2855From a technical perspective, breaking above the support level at 2880 indicates the market remains bullish and quite aggressive. If buyers maintain prices above 2880-2885, then in the short and medium term, we should expect prices to rise to 2930-2950.If gold breaks below 2880 and stays under this zone, market liquidation could occur and prices may fall to 2855, 2848, after which we can expect gold's growth to resume.