🔔🔔🔔Gold news:
➡️ Gold prices remain negative as a healthy recovery in the USD outweighs the weaker risk sentiment. The intraday decline was supported by some US dollar buying, which tends to weaken demand for the commodity.
Personal opinion:
➡️ Despite the decline, this could be a profit-taking action by buyers. Gold prices are still supported by many factors, so it will be difficult for them to fall further.
➡️ Note: US-China trade tensions have returned, so it is advisable to carefully consider the moves of both sides
➡️ Analysis based on support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell Gold 3410 - 3413
❌SL: 3417 | ✅TP: 3406 - 3401 – 3396
👉Buy Gold 3346 - 3349
❌SL: 3342 | ✅TP: 3353 - 3358 – 3363
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices remain negative as a healthy recovery in the USD outweighs the weaker risk sentiment. The intraday decline was supported by some US dollar buying, which tends to weaken demand for the commodity.
Personal opinion:
➡️ Despite the decline, this could be a profit-taking action by buyers. Gold prices are still supported by many factors, so it will be difficult for them to fall further.
➡️ Note: US-China trade tensions have returned, so it is advisable to carefully consider the moves of both sides
➡️ Analysis based on support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell Gold 3410 - 3413
❌SL: 3417 | ✅TP: 3406 - 3401 – 3396
👉Buy Gold 3346 - 3349
❌SL: 3342 | ✅TP: 3353 - 3358 – 3363
FM wishes you a successful trading day 💰💰💰
Trade active
personal plan:Hit +70 pips from Buy 3349.1
setup successful
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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.
✅ 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.