📈 Gold continues its unstoppable rally, setting new all-time highs (ATH) almost daily! With escalating global economic and political tensions, especially the U.S. trade war with other nations, gold remains the top safe-haven asset attracting massive demand.
💡 The Fed warns of inflation risks due to Trump’s tariffs, potentially delaying rate cuts. Meanwhile, ADP data exceeded expectations, with 183K new jobs vs. the 150K forecast, signaling a potential USD recovery.
🔥 This Week’s Key Event – Nonfarm Payrolls (NFP) on Feb 7!
The upcoming NFP report will be the biggest market mover, not just for USD and gold, but for the entire financial market. Expect high volatility and major trend shifts!
📊 Technical Analysis – Major Breakout Ahead!
Gold pulled back 20 points from ATH, confirming a psychological resistance zone. Currently, price is sideways between 2875 - 2858, waiting for a breakout to define the next move.
🔹 Today's Trading Strategy:
👉 Follow the breakout direction for maximum profit opportunities!
📍 Key Levels to Watch:
🔺 Resistance: 2876 - 2882 - 2894 - 2902
🔻 Support: 2859 - 2840 - 2830 - 2816
📌 Trade Plan – Precision Entries for High Reward!
🎯 BUY SCALP:
📍 Entry: 2842 - 2840
❌ SL: 2836
🎯 TP: 2846 - 2850 - 2855 - 2860 - 2866 - 2870
🚀 BUY ZONE:
📍 Entry: 2831 - 2829
❌ SL: 2825
🎯 TP: 2835 - 2840 - 2844 - 2848 - 2854 - 2860 - ???
🔻 SELL SCALP:
📍 Entry: 2893 - 2895
❌ SL: 2899
🎯 TP: 2890 - 2886 - 2882 - 2878 - 2875 - 2870 - 2866
⚡ SELL ZONE:
📍 Entry: 2902 - 2904
❌ SL: 2908
🎯 TP: 2898 - 2895 - 2892 - 2888 - 2884 - 2880 - ???
⚠️ RISK MANAGEMENT – LOCK IN PROFITS!
📌 We secured solid profits yesterday, but don’t get overconfident!
✅ Stick to TP/SL rules to protect your capital amid unpredictable market movements.
📩 Follow KevinNguyen-SimpleTrade for daily expert trade setups! 🚀
💬 Will gold continue setting new ATHs, or is a major pullback coming? Drop your thoughts below!