🔔🔔🔔Gold news:
➡️ Gold prices saw a modest rise during the European session, although the move lacked strong follow-through buying. Escalating trade tensions and geopolitical risks continue to support the safe-haven appeal of the precious metal. Risk sentiment was further weighed down by reports suggesting that the United States is considering a potential strike on Iran as early as this weekend. Such a military intervention could deepen the conflict in the Middle East, potentially triggering a broader regional war.
➡️ At the same time, the Federal Reserve’s pause in its hawkish stance boosted the US Dollar to a one-week high, capping gains for XAU/USD. Despite the uncertainty, gold buyers appear to be struggling as the US Dollar regains favor as an alternative safe-haven asset.
Personal opinion:
➡️ Gold prices have rebounded after falling to the 3347 area. This proves that the gold rally is not over yet. Consider the 3380 area as this is the gold trend zone. If it breaks through, the gold price will continue its rally. If it fails to overcome, we will consider a short-term downtrend
➡️ Analyze based on support resistance levels and trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3339 - 3342
❌SL: 3335| ✅TP: 3346 - 3350 – 3355
👉Sell Gold 3389 - 3392 (Scalping)
❌SL: 3395 | ✅TP: 3385 - 3381
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices saw a modest rise during the European session, although the move lacked strong follow-through buying. Escalating trade tensions and geopolitical risks continue to support the safe-haven appeal of the precious metal. Risk sentiment was further weighed down by reports suggesting that the United States is considering a potential strike on Iran as early as this weekend. Such a military intervention could deepen the conflict in the Middle East, potentially triggering a broader regional war.
➡️ At the same time, the Federal Reserve’s pause in its hawkish stance boosted the US Dollar to a one-week high, capping gains for XAU/USD. Despite the uncertainty, gold buyers appear to be struggling as the US Dollar regains favor as an alternative safe-haven asset.
Personal opinion:
➡️ Gold prices have rebounded after falling to the 3347 area. This proves that the gold rally is not over yet. Consider the 3380 area as this is the gold trend zone. If it breaks through, the gold price will continue its rally. If it fails to overcome, we will consider a short-term downtrend
➡️ Analyze based on support resistance levels and trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3339 - 3342
❌SL: 3335| ✅TP: 3346 - 3350 – 3355
👉Sell Gold 3389 - 3392 (Scalping)
❌SL: 3395 | ✅TP: 3385 - 3381
FM wishes you a successful trading day 💰💰💰
Trade active
touch 3342.06 and bounce to 3348.8. Not macth 3342.00
what a pity
Cancel this order, purchase value has decreased
Trade closed: target reached
personal plan:
Hit max profit +370 pips from Sell 3389
Setup successful
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✅ 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.