🔔🔔🔔Gold news:
➡️ Gold prices declined as the U.S. dollar showed signs of recovery, rising 0.49% as reflected by the U.S. Dollar Index (DXY). This movement was driven by investors revising their expectations for Federal Reserve rate cuts and rising U.S. Treasury yields. The unemployment rate stood at 4.2%, and along with a strong jobs report, prompted a reevaluation of interest rate forecasts, with markets now anticipating fewer than two Fed rate cuts by the end of 2025. Additionally, easing tensions in the U.S.-China trade conflict may further weigh on gold prices, which have already surged over 26% this year.
Personal opinion:
➡️ Gold prices are in the oversold zone, so there will be a buying wave early next week.
➡️ However, the downtrend of gold has not stopped, tomorrow there will be no news that will strongly affect gold prices. Therefore, the slight downtrend is still maintained.
➡️ Analysis based on important support resistance and Fibonacci levels combined with RSI to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3288 - 3291 (Scalping)
❌SL: 3284 | ✅TP: 3295 - 3300
👉Sell Gold 3333 - 3336
❌SL: 3340 | ✅TP: 3329 - 3325 – 3320
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices declined as the U.S. dollar showed signs of recovery, rising 0.49% as reflected by the U.S. Dollar Index (DXY). This movement was driven by investors revising their expectations for Federal Reserve rate cuts and rising U.S. Treasury yields. The unemployment rate stood at 4.2%, and along with a strong jobs report, prompted a reevaluation of interest rate forecasts, with markets now anticipating fewer than two Fed rate cuts by the end of 2025. Additionally, easing tensions in the U.S.-China trade conflict may further weigh on gold prices, which have already surged over 26% this year.
Personal opinion:
➡️ Gold prices are in the oversold zone, so there will be a buying wave early next week.
➡️ However, the downtrend of gold has not stopped, tomorrow there will be no news that will strongly affect gold prices. Therefore, the slight downtrend is still maintained.
➡️ Analysis based on important support resistance and Fibonacci levels combined with RSI to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3288 - 3291 (Scalping)
❌SL: 3284 | ✅TP: 3295 - 3300
👉Sell Gold 3333 - 3336
❌SL: 3340 | ✅TP: 3329 - 3325 – 3320
FM wishes you a successful trading day 💰💰💰
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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.