🔔🔔🔔Gold news:
➡️ Gold prices climbed to their highest level in several days on Tuesday, surpassing $3,280 per ounce, as continued selling pressure on the US dollar and cautious market sentiment supported demand for the precious metal.
➡️ Atlanta Federal Reserve President Raphael Bostic noted that the credit downgrade could have wider ripple effects across the economy, adding that it may take another three to six months to assess how the uncertainty settles, according to Bloomberg.
➡️ On the geopolitical front, the image of the United States took another hit after President Donald Trump commented on his two-hour phone call with Vladimir Putin regarding efforts to resolve the Ukraine stalemate. Trump stated that negotiations would begin immediately but warned that if talks fail again, the US would withdraw from all further efforts and discussions.
Personal opinion:
➡️ There is a lot of information today that creates momentum for gold's uptrend, the uptrend will continue. However, gold price may retest the 3150 zone after entering the overbought level, consider this zone
➡️ Analyze based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3248 - 3251
❌SL: 3243 | ✅TP: 3258 - 3265 – 3272
👉Sell Gold 3324 - 3327
❌SL: 3330 | ✅TP: 3320 - 3315 – 3310
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices climbed to their highest level in several days on Tuesday, surpassing $3,280 per ounce, as continued selling pressure on the US dollar and cautious market sentiment supported demand for the precious metal.
➡️ Atlanta Federal Reserve President Raphael Bostic noted that the credit downgrade could have wider ripple effects across the economy, adding that it may take another three to six months to assess how the uncertainty settles, according to Bloomberg.
➡️ On the geopolitical front, the image of the United States took another hit after President Donald Trump commented on his two-hour phone call with Vladimir Putin regarding efforts to resolve the Ukraine stalemate. Trump stated that negotiations would begin immediately but warned that if talks fail again, the US would withdraw from all further efforts and discussions.
Personal opinion:
➡️ There is a lot of information today that creates momentum for gold's uptrend, the uptrend will continue. However, gold price may retest the 3150 zone after entering the overbought level, consider this zone
➡️ Analyze based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3248 - 3251
❌SL: 3243 | ✅TP: 3258 - 3265 – 3272
👉Sell Gold 3324 - 3327
❌SL: 3330 | ✅TP: 3320 - 3315 – 3310
FM wishes you a successful trading day 💰💰💰
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
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.
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
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.