🔔🔔🔔Gold news:
➡️ Following the second round of trade talks between the United States and China in London on Tuesday, both sides agreed on a framework for a potential trade deal that could help ease the ongoing trade war between the world's two largest economies.
➡️ This development led to a modest rebound in the US Dollar (USD) against major currencies. However, the recovery remains unconvincing, as uncertainty surrounding Trump's trade policies continues to dampen risk sentiment. As a result, gold — a traditional safe-haven asset — saw a surge.
➡️ Meanwhile, traders remain cautious ahead of key US CPI data, which could influence market expectations regarding a potential Federal Reserve interest rate cut in September.
Personal opinion:
➡️ Gold price will move in the trend zone and wait for the US CPI news, this will be a test for the upcoming FED interest rate decision
➡️ Analyze based on support resistance levels combined with EMA and trend lines to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy Gold 3273 - 3276
❌SL: 3269 | ✅TP: 3280 - 3285 – 3290
👉Sell Gold 3360 - 3363
❌SL: 3367 | ✅TP: 3356 - 3351 – 3346
FM wishes you a successful trading day 💰💰💰
➡️ Following the second round of trade talks between the United States and China in London on Tuesday, both sides agreed on a framework for a potential trade deal that could help ease the ongoing trade war between the world's two largest economies.
➡️ This development led to a modest rebound in the US Dollar (USD) against major currencies. However, the recovery remains unconvincing, as uncertainty surrounding Trump's trade policies continues to dampen risk sentiment. As a result, gold — a traditional safe-haven asset — saw a surge.
➡️ Meanwhile, traders remain cautious ahead of key US CPI data, which could influence market expectations regarding a potential Federal Reserve interest rate cut in September.
Personal opinion:
➡️ Gold price will move in the trend zone and wait for the US CPI news, this will be a test for the upcoming FED interest rate decision
➡️ Analyze based on support resistance levels combined with EMA and trend lines to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy Gold 3273 - 3276
❌SL: 3269 | ✅TP: 3280 - 3285 – 3290
👉Sell Gold 3360 - 3363
❌SL: 3367 | ✅TP: 3356 - 3351 – 3346
FM wishes you a successful trading day 💰💰💰
Trade active
personal plan
Hit + 290 pips from Sell 3361
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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.