GOLD (XAUUSD) Extraordinary SELL Coming

Gold (XAU/USD) Trading Signal and Analysis
Current Price: 2,743 USD
Sentiment: Bullish momentum continues despite potential volatility linked to macroeconomic factors, including Trump's return and increased demand for safe-haven assets by financial institutions.

Technical Outlook:

The price is currently testing a high zone between 2,743 and 2,751, approaching the upper boundary of its recent bullish range.
A retracement is anticipated, targeting at least 30% of Fibonacci retracement, aligning with a move toward the lower band of the Bollinger Band.

Signal:

Sell Zone: Enter short positions between 2,743 and 2,751.
Target: Aim for a price level near 2,670 on higher timeframes.
Stop-Loss: Set a stop-loss according to your portfolio risk tolerance. Position it slightly above 2,760 to account for potential breakouts.

Analysis and Strategy:

Macro Factors: Bullish pressure is driven by demand for gold as a safe-haven asset. However, retracement is expected due to market corrections and profit-taking.

Technical Indicators:
Anticipated correction aligns with Fibonacci 30% retracement.
Bollinger Bands suggest a possible pullback towards the lower band as price reverts to the mean.

Support:
Support Zones: 2,670, with a minor level at 2,680.
Resistance Zones: 2,751–2,760.

Recommendation: Use position sizing and stop-loss placement that align with your portfolio's risk management strategy. Adjust take-profit targets if momentum extends the retracement.

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