Trader-JamesFX

Hi guys!What do you think about gold?The 4H chart shows gold consolidating in a sideways range, with Bollinger Bands tightening – signaling an imminent breakout.Key Levels:Resistance: $2,950 - $2,955 (needs to break for further upside).Support: $2,930 - $2,920 (potential BUY zone).Trading Plan:Wait for a retest of $2,920 - $2,930 and look for a strong bullish reaction to enter BUY positions.Short-term target: $2,950 - $2,970, extended target: $3,000.Stop-loss below $2,910 to manage risk.⚠ Risk Management: If price breaks below $2,910, it could trigger a deeper correction—stay cautious.Stay patient, wait for confirmation, and execute with precision – 500 pips are on the table!

James Hello everyone!Currently, gold prices are entering a bullish consolidation phase as Trump tariffs weigh on risk sentiment. The US dollar is struggling to hold despite the dovish Fed Minutes as US Treasury yields decline. Currently, gold prices are waiting for acceptance above $2,950 as the daily technical setup favors buyers.As mentioned on the 1-hour chart, an ascending trend line has formed along with the support of the 34 and 89 EMAs, suggesting further upside potential for gold without any significant reversal.

Gold continues to sustain its strong bullish momentum, approaching a key resistance level with solid support from U.S. tariff uncertainties and strong central bank demand. The primary trend remains intact, reinforced by the trendline and EMA 34-89, signaling that the market is operating within a stable upward channel.With growing expectations that the Fed may cut interest rates in 2025, investor sentiment continues to favor trend-following buy strategies. As prices remain close to dynamic support levels and above key moving averages, prioritizing trend-based trading remains the optimal approach — because in trading, the trend is always your most reliable ally.

James, hello everyone.Last week, we saw a significant drop in gold prices. At one point, the price of gold fell to a low of $2,876. Currently, the price of gold is trading around $2,898, stable for the week.It is clear that the price of gold is starting a new week on a positive note, supported by the continued weakness of the US dollar (USD) and US Treasury yields.Regarding the volatility of gold this week, the price of gold has also increased sharply due to tensions surrounding the upcoming tariff war between the United States and the European Union (EU). "The European Commission will consider strict import restrictions on some foods produced according to different standards to protect its farmers, reflecting the reciprocal trade policy of US President Donald Trump," the Financial Times (FT) reported on Sunday.Additionally, it should be noted that gold prices could be volatile in the coming day as a US national holiday is likely to add to the action. Speeches by Fed officials Christopher Waller, Patrick Harker and Michelle Bowman will be closely scrutinized ahead of the Fed Minutes on Wednesday.