Welcome back, traders, it’s Skeptic! 😎 Is XAU/USD about to explode or crash?
We’ve formed a symmetrical triangle pattern, and its breakout triggers could deliver solid profits for longs or shorts. Let’s dive into the details with the Daily timeframe to see the big picture.
✔️ Daily Timeframe: Our HWC is strongly bullish. After hitting $3,497.80, we entered a secondary retracement phase, forming a symmetrical triangle. If we break resistance at $3,444.18, my targets are the next ceiling at $3,494.50 and, long-term, $3,796.64. But if we break support at $3,796.64, it could signal a major trend change from uptrend to downtrend, opening shorts. Next supports are $3,206.32 and $3,019.31—use these as your targets.
📊 Key Insight: Risk management is key to surviving financial markets. Stick to max 1%–2% risk per trade to stay safe.
📉 Market Context: Markets are predicting a major recession in the U.S. economy. If it happens, Gold will be the only safe-haven asset. So, I personally favor riding Gold’s uptrend.
This historic drop screams one thing: global markets are losing faith in U.S. monetary and fiscal policies, big time.
And that’s a loud wake-up call for investors: It’s time to bulletproof your portfolio. What’s that mean?
Your stocks, real estate, cash, bonds, you name it...
They’re slowly but surely turning to Gold.
💬 Let’s Talk!
Which Gold trigger are you eyeing? Hit the comments, and let’s crush it together! 😊 If this update lit your fire, smash that boost—it fuels my mission! ✌️
We’ve formed a symmetrical triangle pattern, and its breakout triggers could deliver solid profits for longs or shorts. Let’s dive into the details with the Daily timeframe to see the big picture.
✔️ Daily Timeframe: Our HWC is strongly bullish. After hitting $3,497.80, we entered a secondary retracement phase, forming a symmetrical triangle. If we break resistance at $3,444.18, my targets are the next ceiling at $3,494.50 and, long-term, $3,796.64. But if we break support at $3,796.64, it could signal a major trend change from uptrend to downtrend, opening shorts. Next supports are $3,206.32 and $3,019.31—use these as your targets.
📊 Key Insight: Risk management is key to surviving financial markets. Stick to max 1%–2% risk per trade to stay safe.
📉 Market Context: Markets are predicting a major recession in the U.S. economy. If it happens, Gold will be the only safe-haven asset. So, I personally favor riding Gold’s uptrend.
This historic drop screams one thing: global markets are losing faith in U.S. monetary and fiscal policies, big time.
And that’s a loud wake-up call for investors: It’s time to bulletproof your portfolio. What’s that mean?
Your stocks, real estate, cash, bonds, you name it...
They’re slowly but surely turning to Gold.
💬 Let’s Talk!
Which Gold trigger are you eyeing? Hit the comments, and let’s crush it together! 😊 If this update lit your fire, smash that boost—it fuels my mission! ✌️
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