GOLD continuously set new records

World gold price stood at 2,282 USD/ounce, a sharp increase of 33 USD/ounce compared to the same hour yesterday morning. This continues to be the highest price in world gold trading history.

Gold prices continue to increase sharply due to the need for a safe haven amid increasing tensions in the Middle East. The increase in strength of the USD and expectations of US interest rate cuts have almost no impact on the rise in gold prices.

Gold has increased steeply, reaching a new record, although at the same time some overbought conditions appeared, leading to a slight correction. However, gold's recent declines have been insignificant in nature, as potential investors are willing to wait for better entry points.

In addition, strong demand from retail investors and central banks around the world is also a factor that helps prolong the rise of this precious metal. The combination of factors has helped gold bullion prices increase nearly 10% from the beginning of the year until now.

Comment:

Gold prices continued their record march during trading on Wednesday, as fears of inflationary pressures boosted demand for bullion as a means of hedging, with traders ignoring doubts about an imminent cut in US interest rates and rising Treasury bond yields.

Comment:

IMPORTANT ALERT🇺🇸

10 Minutes Left  For One Of Most Important Economic News


🟢 U.S. ISM Non-Manufacturing Prices

🟢U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI)

Trade closed: target reached:

Price touched RESISTANCE ZONE 2301-2299 + 65pips, close a part move SL to entry.🔥

Comment:

Comment:

SELL XAUUSD PRICE 2321 - 2319⚡️
↠↠ Stoploss 2325

→Take Profit 1 2314
↨
→Take Profit 2 2309

BUY XAUUSD PRICE 2279 - 2281⚡️
↠↠ Stoploss 2275

→Take Profit 1 2286
↨
→Take Profit 2 2291

Comment:

Missing 15pips takes 150pips🥲

Trade closed: target reached:

Plan BUY Hit Full TP2 + 130 pips🤕🤕🤕. Congratulations everyone

Comment:

The opportunity for Godl to decrease to 225x 224x will be more difficult with the current GOLD price position.
Unless DXY has reduced unemployment and increased employment there will be more opportunities.

And vice versa, the chance of GOLD going up to 2400 is possible if DXY has bad data. Because GOLD is regaining its BEEF position and DXY is still bad, then let the SELLER bear the losses before that 🔥🔥🔥

Comment:

The gold market reached a new high of $2,339.57 per ounce, driven by the US economy's strong job growth and low unemployment rate. Wages, however, showed minimal increase in line with expectations.

Comment:

🟢Gold prices continue to break records despite the strength of the dollar

Gold prices succeeded in breaking new records during trading today, Friday, and reached a new record during trading, despite the strength of the dollar after the release of positive American labor market data that is better than market expectations, which may affect upcoming American monetary policy decisions.

Comment:

📌Technically, gold price has broken out of its medium-term price increase channel on the weekly chart, indicating that the upward trend will continue in the medium and long term. However, the price is currently far above the moving averages and the RSI is in the overbought zone, suggesting a potential risk of profit taking in the short term. Next week, important support levels for gold prices are at $2,250-$2,200-$2,100 per ounce, while $2,400 per ounce will be a significant resistance zone.
The trading plan for next week will focus on buying around $2,250 and selling near the round resistance level of $2,400.