Gold new ATH soon?

97
🟡 GOLD LONG SETUP: Buying the Fear at Key Support 📈

XAUUSD


"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett


The oscillator we developed is showing some compelling signals on gold right now, and the market sentiment couldn't be more perfect for a contrarian play. 💎

Technical Analysis:

  1. Our custom oscillator is painting a clear picture at the bottom - we're seeing those beautiful green zones emerging after extended red periods
  2. Price action has found solid support around the 3,300 level, creating a strong foundation for the next leg up
  3. The fear in the market is palpable, which historically has been an excellent buying opportunity for precious metals
  4. Volume profile suggests accumulation is happening at these levels


Why This Setup Works: 🎯

The beauty of this oscillator lies in its ability to identify when institutional money starts flowing back into gold during periods of maximum pessimism. When retail traders are panicking and selling, smart money is quietly accumulating.

Key levels to watch:
Support: 3,300 (current zone)
First target: 3,350
Extended target: 3,400+

Risk Management: ⚠️
• Stop loss below 3,275
• Position sizing: Never risk more than 2% of account
• Trail stops as momentum builds

The oscillator's fear signals have been remarkably accurate in identifying these reversal points. When fear reaches extremes, that's typically when the best opportunities present themselves.

This is not financial advice - always do your own research and manage risk appropriately.

What are your thoughts on this setup? Are you seeing similar signals on your charts? 🤔

#Gold #XAUUSD #TechnicalAnalysis #BuyTheFear #Oscillator

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.