🔔🔔🔔Gold news:
➡️ Gold extended its previous day's pullback, dropping nearly 1% to $3,323 on Thursday as improved risk sentiment weighed on the safe-haven asset. The shift in mood came ahead of an expected announcement by President Donald Trump regarding a trade deal with the UK, scheduled for a 14:00 GMT press conference in Washington, according to sources familiar with the matter.
➡️ Additional overnight momentum came from the Fed's rate decision and comments by Fed Chair Jerome Powell, who highlighted signs of recovery in the U.S. economy.
Personal opinion:
➡️ A US-UK trade deal is the beginning of positive negotiations with other countries. However, the two main characters of the US and China are not yet guaranteed. Therefore, the price of gold may fall because of positive information from tariffs, but that is not all. In addition, the Middle East war and India-Pakistan are still the driving force that keeps gold from falling too much.
➡️ Analysis based on important resistance - support zones and Fibonacci combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 3355 - 3357
❌SL: 3362 | ✅TP: 3351 - 3346 – 3340
👉Buy Gold 3305 - 3307
❌SL: 3300 | ✅TP: 3311 - 3316 – 3322
FM wishes you a successful trading day 💰💰💰
➡️ Gold extended its previous day's pullback, dropping nearly 1% to $3,323 on Thursday as improved risk sentiment weighed on the safe-haven asset. The shift in mood came ahead of an expected announcement by President Donald Trump regarding a trade deal with the UK, scheduled for a 14:00 GMT press conference in Washington, according to sources familiar with the matter.
➡️ Additional overnight momentum came from the Fed's rate decision and comments by Fed Chair Jerome Powell, who highlighted signs of recovery in the U.S. economy.
Personal opinion:
➡️ A US-UK trade deal is the beginning of positive negotiations with other countries. However, the two main characters of the US and China are not yet guaranteed. Therefore, the price of gold may fall because of positive information from tariffs, but that is not all. In addition, the Middle East war and India-Pakistan are still the driving force that keeps gold from falling too much.
➡️ Analysis based on important resistance - support zones and Fibonacci combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 3355 - 3357
❌SL: 3362 | ✅TP: 3351 - 3346 – 3340
👉Buy Gold 3305 - 3307
❌SL: 3300 | ✅TP: 3311 - 3316 – 3322
FM wishes you a successful trading day 💰💰💰
Trade active
Personal plan:
hit + 90 pips from sell 3357
Great
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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.