TUESDAY TRADING

BUY GOLD 2875 and below target 2920

SELLGOLD 2926 and above target 2885

BUY EURUSD 10260 target 10340

SELL EURUSD 10340 target 10265

BUY GBPUSD 12300 target 12400

SELL GBPUSD 12425 target 12315

BUY USDJPY 15120 target 15267

SELL USDJPY 15270 target 15140

No need to be exact entry/exit prices

You can enter/exit and within $3-5 difference from ALL of the above prices.

PLEASE PLEASE DONT FORGET to place STOPLOSS always ok. $10 for Gold and 25-35pips for Forex.

Not necessary to be exact prices

Can differ between $3-5 for entry and also when exiting ok. Meaning if I say 1900 you can either decide 1903 or 1897.

Gold extends record bull run, touches $2,900 psychological level. Breaking this and recording a record high of $2,911.60.

Overbought signals are evident, but there is support at $2,850-$2,870.

Gold has been on a relentless bull run, posting only eleven days of minor losses since the ongoing upleg began in mid-December.

The price is currently testing the $2,900/ounce round level after opening the week with a bang, but the real challenge would be to maintain support above the channels upper band at $2,870 and the $2,850 base. If that proves to be the case and the bulls successfully claim the $2,900 ceiling too, the rally could continue towards the $2,950-$2,970 region where the 161.8% Fibonacci extension of the previous downfall and the resistance line, which joins the April and October 2024 highs, are sitting.

However, a warning note from the technical indicators should not be ignored. The RSI and stochastic indicators are both firmly in overbought territory, signaling that the road ahead could get choppy. Nevertheless, only a dive beneath $2,850-$2,870 could activate selling orders towards Thursday‘s low near $2,830 or closer to the channel’s lower band currently seen near $2,813. Then, Octobers peak of $2,790 and the 20-day simple moving average (SMA) near $2,770 could be the next destination. A break lower would neutralize the medium-term picture.

In summary, gold seems poised for another potential surge, but the key to a continuation higher lies in holding above $2,850-$2,870. If the bulls can maintain their grip here, a fresh wave towards higher levels could be on the cards.

GOLD RECORD HIGH USD2911.60

Analysis by: Mr. Sam Kima