Trader_BrianFX

Gold (XAU/USD) has finally broken free from its weeks-long sideways range, surpassing its previous record high of $2,531 and climbing to around $2,585 at the time of writing.The long-term trend for gold remains bullish, and as technical analysis theory suggests, "the trend is your friend." This momentum supports the continuation of gold’s upward trajectory..

Hello everyone, Brian here! Let's dive into today's gold price movement.Gold has once again set a new record, currently trading at $2,567. It has broken through the strong resistance level at $2,525, confirming that the buyers are in control. While a new high hasn’t been confirmed yet, the upward trend is expected to continue. However, to ensure safety, it’s better to wait for a clear confirmation of the new high before entering a trade.Thank you for following along, and I wish you successful and profitable trading!

Based on the current chart, I see that gold prices (XAUUSD) are stuck in a tight trading range, forming a descending wedge pattern. This kind of pattern usually signals a potential breakout to the upside after a period of consolidation.From the market news, investor expectations are centered around the Fed’s interest rate decisions, with a strong possibility that they will either maintain or lower rates. This typically has a positive effect on gold prices since lower rates reduce the opportunity cost of holding non-yielding assets like gold.In the short term, if gold can stay above the key support level around 2487/ounce, there’s a good chance it’ll break out of the wedge and head towards the resistance level at around 2525/ounce. However, if it fails to hold that support, we might see some further correction before a recovery. My outlook is bullish, assuming the interest rate news continues to favor gold.

Brian here, hello everyone! So, what do you think – should we be buying or selling gold today?Yesterday, after some key news releases, gold had the opportunity to rebound and surged past the psychological level of 2500 USD. However, from a long-term perspective, gold is still trading within a range and hasn’t shown any decisive breakout yet.Looking ahead, the bulls are doing a great job of defending key support levels and keeping the price elevated. This suggests that we could see gold continuing its upward movement in the near future.I’m aiming for higher price targets – what about you? Where do you think gold is heading?<3

Gold (XAU/USD) is catching some attention in early European trading on Monday, bouncing back after its recent dip from Friday's two-week high. Despite the Federal Reserve’s hawkish surprise, projecting just one interest rate cut in 2024, markets are still speculating on the potential for two cuts this year due to easing inflation pressures. This speculation is weighing on U.S. Treasury yields. Combined with a lighter risk sentiment, ongoing geopolitical tensions, and political uncertainties in Europe, these factors are boosting the appeal of safe-haven assets like gold. With these dynamics in play, gold seems poised for continued support as investors navigate the complex landscape ahead.

Hello Everyone ! Gold prices have slipped to $2,320, retreating from their two-week high of around $2,368, seen during early Asian trading on Monday. This drop follows the stronger-than-expected U.S. Purchasing Managers’ Index (PMI) released last Friday, which has put pressure on the precious metal. On the technical front, gold has hit the lower boundary of its parallel ascending channel. However, I anticipate a breakout from this level, potentially leading to further declines in the near future. What are your thoughts on this? Share your insights!

Hey Folks, Let’s Talk Gold Today! So, today’s been pretty interesting for gold. We’ve seen a slight bounce back, with prices nudging up to $2337. Looking at the short-term chart, it seems this upward trend has some legs. The precious metal just hit a critical resistance level and got a boost after breaking through the trendline. What’s next? Well, after this adjustment phase, I’m betting on more upward movement. The plan here is to go long – buying gold is looking like the way to go if this trend keeps up. Let’s see how it plays out. What’s your take on this?

Hello everyone, it's Brian! Let's dive into today's gold market analysis. On today's chart, gold is showing a slight increase compared to the same time in yesterday's session. Currently, it's trading around $2330, and I have a few observations to share. Trend Analysis: Gold is still in a consolidation phase, lacking any significant breakout as it remains capped below the $2335 resistance level. Outlook: I see a promising upward trend, especially with the ascending trendline on the 4-hour chart. I'm looking forward to buying opportunities once the price breaks above the current resistance and the descending wedge. My target for this strategy is $2380. What do you think? Do you agree with this perspective?Trade active

Hello everyone, what are your thoughts on BTC/USDT? Currently, BTC/USDT is trading around $68,500 and moving within a descending channel on the 4-hour chart. However, from a long-term perspective, a flag pattern has formed, and we are awaiting a breakout to signal a continued increase in the coin's value! My target remains the same; I am looking forward to seeing the $72,000 peak tested once again.Trade active

BTCUSDT has resumed its upward trajectory, surpassing the resistance level at $71,300, and shows a positive outlook as it continues to perform well above the 34 and 89 EMA lines. Once it breaks through the $73,000 mark, a realm of new possibilities will open up, offering substantial opportunities for the bulls to pursue new record highs.