XAUUSD: 4150 is key; buy if it pulls back but doesn't break this
Shifts in Global Geopolitical Dynamics:
The global landscape is undergoing noticeable changes, with recent developments showing a clear de-escalation in the Russia–Ukraine situation. This easing of geopolitical tension has placed upward pressure on gold under some constraint, meaning bullish sentiment should not be taken for granted. Entering long positions on pullbacks to support levels would be a more prudent approach.
Today, gold successfully held above $4,150, turning this former resistance into new support. As such, the $4,150 level becomes the key trading pivot for the day.
From the 1-hour chart, as long as prices hold above $4,150, there remains potential for gold to retest $4,180, and possibly challenge the previous highs around $4,200–$4,210.
Trading Strategy:
Buy at $4,150
Target 1: $4,180
Target 2: $4,200–$4,210
Stop-loss: Around $10, adjusted based on individual risk tolerance
Key Data to Watch:
U.S. Initial Jobless Claims (weekly)
U.S. Durable Goods Orders (September, MoM)
The global landscape is undergoing noticeable changes, with recent developments showing a clear de-escalation in the Russia–Ukraine situation. This easing of geopolitical tension has placed upward pressure on gold under some constraint, meaning bullish sentiment should not be taken for granted. Entering long positions on pullbacks to support levels would be a more prudent approach.
Today, gold successfully held above $4,150, turning this former resistance into new support. As such, the $4,150 level becomes the key trading pivot for the day.
From the 1-hour chart, as long as prices hold above $4,150, there remains potential for gold to retest $4,180, and possibly challenge the previous highs around $4,200–$4,210.
Trading Strategy:
Buy at $4,150
Target 1: $4,180
Target 2: $4,200–$4,210
Stop-loss: Around $10, adjusted based on individual risk tolerance
Key Data to Watch:
U.S. Initial Jobless Claims (weekly)
U.S. Durable Goods Orders (September, MoM)
Trade ativo
Gold's price movement is in line with our previous predictions. After retracing to 4150 without breaking through, it rebounded again. We can continue to wait for the price to rise.Trade fechado: objetivo atingido
I invite you to copy my trading signals or join my channel for stable signal support and consistent profits.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
I invite you to copy my trading signals or join my channel for stable signal support and consistent profits.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.