GOLD: Wait for Fed Chairman Powell's Speech

XAUUSD Gold Traders

Hello everyone! Today i want to share macro analysis with you!

1.

$Gold - main 2412(GCmain)$ Looking ahead to the trading day, Fed Chairman Powell's speech and U.S. GDP data are expected to provide important guidance for gold price action.

Technical: Looking at the 4-hour chart of gold, the gold price broke through the bullish channel resistance and it is worth noting that the stochastic indicator is gradually getting rid of its negative momentum, waiting for the indicator to gain positive momentum, which will push the gold price to continue its major bullish trend. The next major target for gold price is located at $2700.

Therefore, we will continue to forecast gold prices in a bullish trend for some time to come. It should be noted that if the gold price falls below 2650, this will stop the expected uptrend and push the gold price to some intraday bearish correction.

Gold prices will trade between support at 2645. and resistance at 2685 today. The expected trend for gold prices continues to be bullish. Trading is buying orientated!

Strategy:Buy:2650-54 TP:2670-75 SL:2645(SL set according to personal habits) $XAU/USD(XAUUSD.FOREX)$

Follow me to learn more about analysis!!

https://x.com/TradersXauusd/status/1839203810356637892

Gold Hits $2800! Have You Jumped In?

Gold hits $2800 yesterday. The precious metal has risen 34% YTD. ----------------- Will the price of gold reach $3,000 this year? Have you jumped in the asset? Are you bullish on gold as USD will decrease?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The precious metal has risen 34% YTD.\n-----------------\nWill the price of gold reach $3,000 this year?\nHave you jumped in the asset?\nAre you bullish on gold as USD will decrease?","image":"https://community-static.tradeup.com/news/fa205bc5220f89bda52097b098fae8ad"}],"images":[{"img":"https://community-static.tradeup.com/news/0af812b95c94b126ced3b839040a0b65","width":"776","height":"466"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/0af812b95c94b126ced3b839040a0b65","width":"776","height":"466"}],"title":"GOLD: Wait for Fed Chairman Powell's Speech ","html":"<html><head></head><body><p>Hello everyone! Today i want to share macro analysis with you!</p><p></p><p>1.</p><p> <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2412\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2412(GCmain)$</a> Looking ahead to the trading day, Fed Chairman Powell's speech and U.S. GDP data are expected to provide important guidance for gold price action.                                                                                                 </p><p>Technical: Looking at the 4-hour chart of gold, the gold price broke through the bullish channel resistance and it is worth noting that the stochastic indicator is gradually getting rid of its negative momentum, waiting for the indicator to gain positive momentum, which will push the gold price to continue its major bullish trend. The next major target for gold price is located at $2700.                                                                       </p><p>Therefore, we will continue to forecast gold prices in a bullish trend for some time to come. It should be noted that if the gold price falls below 2650, this will stop the expected uptrend and push the gold price to some intraday bearish correction.</p><p>Gold prices will trade between support at 2645. and resistance at 2685 today. The expected trend for gold prices continues to be bullish. Trading is buying orientated!                                                               </p><p>Strategy:Buy:2650-54 TP:2670-75 SL:2645(SL set according to personal habits) <a data-mention-id=\"XAUUSD.FOREX\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a> </p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0af812b95c94b126ced3b839040a0b65\" tg-width=\"776\" tg-height=\"466\"></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://x.com/TradersXauusd/status/1839203810356637892</p></body></html>","htmlText":"<html><head></head><body><p>Hello everyone! Today i want to share macro analysis with you!</p><p></p><p>1.</p><p> <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2412\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2412(GCmain)$</a> Looking ahead to the trading day, Fed Chairman Powell's speech and U.S. GDP data are expected to provide important guidance for gold price action.                                                                                                 </p><p>Technical: Looking at the 4-hour chart of gold, the gold price broke through the bullish channel resistance and it is worth noting that the stochastic indicator is gradually getting rid of its negative momentum, waiting for the indicator to gain positive momentum, which will push the gold price to continue its major bullish trend. The next major target for gold price is located at $2700.                                                                       </p><p>Therefore, we will continue to forecast gold prices in a bullish trend for some time to come. It should be noted that if the gold price falls below 2650, this will stop the expected uptrend and push the gold price to some intraday bearish correction.</p><p>Gold prices will trade between support at 2645. and resistance at 2685 today. The expected trend for gold prices continues to be bullish. Trading is buying orientated!                                                               </p><p>Strategy:Buy:2650-54 TP:2670-75 SL:2645(SL set according to personal habits) <a data-mention-id=\"XAUUSD.FOREX\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a> </p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0af812b95c94b126ced3b839040a0b65\" tg-width=\"776\" tg-height=\"466\"></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://x.com/TradersXauusd/status/1839203810356637892</p></body></html>","text":"Hello everyone! Today i want to share macro analysis with you! 1. $Gold - main 2412(GCmain)$ Looking ahead to the trading day, Fed Chairman Powell's speech and U.S. GDP data are expected to provide important guidance for gold price action. Technical: Looking at the 4-hour chart of gold, the gold price broke through the bullish channel resistance and it is worth noting that the stochastic indicator is gradually getting rid of its negative momentum, waiting for the indicator to gain positive momentum, which will push the gold price to continue its major bullish trend. The next major target for gold price is located at $2700. Therefore, we will continue to forecast gold prices in a bullish trend for some time to come. It should be noted that if the gold price falls below 2650, this will stop the expected uptrend and push the gold price to some intraday bearish correction. Gold prices will trade between support at 2645. and resistance at 2685 today. The expected trend for gold prices continues to be bullish. Trading is buying orientated! Strategy:Buy:2650-54 TP:2670-75 SL:2645(SL set according to personal habits) $XAU/USD(XAUUSD.FOREX)$ Follow me to learn more about analysis!! https://x.com/TradersXauusd/status/1839203810356637892","highlighted":1,"essential":1,"paper":2,"likeSize":74,"commentSize":0,"repostSize":5,"favoriteSize":0,"link":"https://ttm.financial/post/353571567546384","repostId":0,"isVote":1,"tweetType":1,"viewCount":709,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["XAUUSD.FOREX","GCmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1053,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/353571567546384"}