🔔🔔🔔Gold news:
➡️ Gold halted its previous day's rebound from a one-week low and slipped to $3,300 early Tuesday. Optimism surrounding the potential resumption of U.S.-China trade talks weighed on bullion prices. However, geopolitical tensions, expectations of Fed rate cuts, concerns over U.S. fiscal health, and a weakening U.S. dollar are likely to limit further downside for XAU/USD.
Personal opinion:
➡️ The easing of trade tensions could lift the greenback and weigh on USD-denominated commodities. In the short term, a positive outcome from the meeting could be negative for gold.
➡️ Analysis based on support resistance levels and trend lines combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy Gold 3273 - 3276
❌SL: 3269 | ✅TP: 3280 - 3285 – 3290
👉Sell Gold 3342 - 3345
❌SL: 3349 | ✅TP: 3337 - 3332 – 3327
FM wishes you a successful trading day 💰💰💰
➡️ Gold halted its previous day's rebound from a one-week low and slipped to $3,300 early Tuesday. Optimism surrounding the potential resumption of U.S.-China trade talks weighed on bullion prices. However, geopolitical tensions, expectations of Fed rate cuts, concerns over U.S. fiscal health, and a weakening U.S. dollar are likely to limit further downside for XAU/USD.
Personal opinion:
➡️ The easing of trade tensions could lift the greenback and weigh on USD-denominated commodities. In the short term, a positive outcome from the meeting could be negative for gold.
➡️ Analysis based on support resistance levels and trend lines combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy Gold 3273 - 3276
❌SL: 3269 | ✅TP: 3280 - 3285 – 3290
👉Sell Gold 3342 - 3345
❌SL: 3349 | ✅TP: 3337 - 3332 – 3327
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.