XAU#10: Gold hits record high. What should traders do?
💎 💎 💎 Plan #9 first helps you make a profit. Please like and follow the channel to follow the earliest trading plan 💎 💎 💎
🔥So
XAUUSD XAUUSD has broken the peak as predicted in analysis #9. Now let's plan the next step:🔥
1️⃣ **Fundamental analysis:**
📊US consumer price inflation accelerated late last year, supporting the Fed's decision to pause interest rate cuts
🔴 Trump announced that he would impose 25% tariffs on Canada and Mexico, "Trade war" begins again
🔴Trump threatened that tariffs will take effect on February 1! Affected by Trump's tariff policy, the market's risk-off sentiment has increased significantly, which may continue to support gold prices.
2️⃣ **Technical analysis:**
🔹 **Frame D**: The historical peak has officially been broken. The end of the weekend trading day is a Shooting Star candle. Is this a warning from the price line? Let's analyze more carefully in the trading plan.
🔹 **Frame H4**: The price is still trading above the support area. The bullish price structure is still intact
🔹 **H1 frame**: Looking at H1, we can see that although the price adjusted from 2816 to 2798 at the end of the trading session, the bullish price structure is still intact, the 2798 area is not a strong support area but there is still a reaction showing that the market sentiment is supporting the bulls
3️⃣ **Trading plan:**
⛔ Although the closing candle D is a candle that signals a reversal, what we need to pay attention to is that all frames are showing an upward structure. The closing price on the last day of the week at the end of the month, profit taking leading to a price decrease is normal. If there is really a sign of that, we will see a warning from the price model.
✅ Based on the basic information and price line, we can completely wait for the price to return to the support zone below to continue trading in accordance with the main trend. In my personal opinion and trading habits, I extremely limit trading against the trend, so I do not plan for a SELL position at this time
💪🚀 **Wish you successful trading!**
📌 If you have any questions, please contact me directly. I am ready to answer them for free
🔥So
XAUUSD XAUUSD has broken the peak as predicted in analysis #9. Now let's plan the next step:🔥1️⃣ **Fundamental analysis:**
📊US consumer price inflation accelerated late last year, supporting the Fed's decision to pause interest rate cuts
🔴 Trump announced that he would impose 25% tariffs on Canada and Mexico, "Trade war" begins again
🔴Trump threatened that tariffs will take effect on February 1! Affected by Trump's tariff policy, the market's risk-off sentiment has increased significantly, which may continue to support gold prices.
2️⃣ **Technical analysis:**
🔹 **Frame D**: The historical peak has officially been broken. The end of the weekend trading day is a Shooting Star candle. Is this a warning from the price line? Let's analyze more carefully in the trading plan.
🔹 **Frame H4**: The price is still trading above the support area. The bullish price structure is still intact
🔹 **H1 frame**: Looking at H1, we can see that although the price adjusted from 2816 to 2798 at the end of the trading session, the bullish price structure is still intact, the 2798 area is not a strong support area but there is still a reaction showing that the market sentiment is supporting the bulls
3️⃣ **Trading plan:**
⛔ Although the closing candle D is a candle that signals a reversal, what we need to pay attention to is that all frames are showing an upward structure. The closing price on the last day of the week at the end of the month, profit taking leading to a price decrease is normal. If there is really a sign of that, we will see a warning from the price model.
✅ Based on the basic information and price line, we can completely wait for the price to return to the support zone below to continue trading in accordance with the main trend. In my personal opinion and trading habits, I extremely limit trading against the trend, so I do not plan for a SELL position at this time
💪🚀 **Wish you successful trading!**
📌 If you have any questions, please contact me directly. I am ready to answer them for free
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Are you new to the financial markets? Don’t worry! We are here to help you.
Welcome to “Trading for Newbie” – where your successful financial journey begins!
Are you new to the financial markets? Don’t worry! We are here to help you.
Are you new to the financial markets? Don’t worry! We are here to help you.
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