🔔🔔🔔Gold news:
➡️ The US dollar is trading higher as investors reposition ahead of the key two-day FOMC policy meeting starting later today, which is weighing on gold prices. However, the dollar's upside remains limited due to lingering skepticism about its strength.
➡️ The Federal Reserve is widely expected to keep interest rates unchanged, amid concerns that Trump-era tariffs could drive consumer prices higher. Still, expectations for a rate cut in September are gaining momentum. As a result, the accompanying policy statement and Fed Chair Jerome Powell's remarks during the post-meeting press conference will be closely scrutinized for clues about the central bank's future rate-cut trajectory.
Personal opinion:
➡️ The USD is showing signs of recovery, which could lead to a short-term decline in gold prices. However, this pullback is likely to be temporary, as there is no strong catalyst to drive a sustained drop in gold. Investors are now awaiting the outcome of the FOMC meeting to gain clearer insight into the upcoming market direction.
➡️ Analysis based on support resistance levels and Fibonacci combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3344 - 3347
❌SL: 3340 | ✅TP: 3352 - 3357 – 3365
👉Sell Gold 3395 - 3398 (Scalping)
❌SL: 3402 | ✅TP: 3391 - 3386
FM wishes you a successful trading day 💰💰💰
➡️ The US dollar is trading higher as investors reposition ahead of the key two-day FOMC policy meeting starting later today, which is weighing on gold prices. However, the dollar's upside remains limited due to lingering skepticism about its strength.
➡️ The Federal Reserve is widely expected to keep interest rates unchanged, amid concerns that Trump-era tariffs could drive consumer prices higher. Still, expectations for a rate cut in September are gaining momentum. As a result, the accompanying policy statement and Fed Chair Jerome Powell's remarks during the post-meeting press conference will be closely scrutinized for clues about the central bank's future rate-cut trajectory.
Personal opinion:
➡️ The USD is showing signs of recovery, which could lead to a short-term decline in gold prices. However, this pullback is likely to be temporary, as there is no strong catalyst to drive a sustained drop in gold. Investors are now awaiting the outcome of the FOMC meeting to gain clearer insight into the upcoming market direction.
➡️ Analysis based on support resistance levels and Fibonacci combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3344 - 3347
❌SL: 3340 | ✅TP: 3352 - 3357 – 3365
👉Sell Gold 3395 - 3398 (Scalping)
❌SL: 3402 | ✅TP: 3391 - 3386
FM wishes you a successful trading day 💰💰💰
Trade active
personal plan:
Hit max profit + 200 pips from Sell 3398
setup successful
Trade closed: target reached
Price touched 3347.5 and bounced to 3371.
didn't match the buy zone of 3347. What a pity
Anyway, the plan is still on track
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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.