🔔🔔🔔Gold news:
➡️ Gold prices held their upward trajectory on Friday, climbing to their highest level since late April above $3,400 per troy ounce. The precious metal also attracted increased safe-haven demand amid rising tensions in the Middle East, driven by Israel's military actions against Iran.
➡️ Expectations that the Federal Reserve will further cut borrowing costs in 2025 supported the flow of funds into non-yielding gold.
➡️ However, a solid recovery in the US Dollar (USD) from its lowest level since March 2022 limits any additional upside for the metal. Still, the underlying fundamentals appear to favor XAU/USD bulls and suggest the potential for further gains.
Personal opinion:
➡️ Gold's upward momentum is still maintained thanks to many supporting factors and there are no clear signs of a decline. Therefore, the upward trend next week will continue and will retrace to the previous ATH 3500 area.
➡️ Analysis based on important support resistance and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3380 - 3383
❌SL: 3376 | ✅TP: 3388 - 3394 – 3400
👉Sell Gold 3493 - 3496 ❌SL: 3501 | ✅TP: 3489 - 3483 – 3477
FM wishes you a successful trading Week 💰💰💰
➡️ Gold prices held their upward trajectory on Friday, climbing to their highest level since late April above $3,400 per troy ounce. The precious metal also attracted increased safe-haven demand amid rising tensions in the Middle East, driven by Israel's military actions against Iran.
➡️ Expectations that the Federal Reserve will further cut borrowing costs in 2025 supported the flow of funds into non-yielding gold.
➡️ However, a solid recovery in the US Dollar (USD) from its lowest level since March 2022 limits any additional upside for the metal. Still, the underlying fundamentals appear to favor XAU/USD bulls and suggest the potential for further gains.
Personal opinion:
➡️ Gold's upward momentum is still maintained thanks to many supporting factors and there are no clear signs of a decline. Therefore, the upward trend next week will continue and will retrace to the previous ATH 3500 area.
➡️ Analysis based on important support resistance and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3380 - 3383
❌SL: 3376 | ✅TP: 3388 - 3394 – 3400
👉Sell Gold 3493 - 3496 ❌SL: 3501 | ✅TP: 3489 - 3483 – 3477
FM wishes you a successful trading Week 💰💰💰
Trade active
Plan still moving in the direction of the trendTrade closed: target reached
personal plan
Hit + 160 pips from Buy 3382.5
setup successfull
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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.