Gold news:
🔔🔔🔔The U.S. dollar danced to the tune of a court ruling on former President Donald Trump’s “Liberation Day” tariffs. On Wednesday, the U.S. Court of International Trade (UCIT) blocked the implementation of Trump’s tariff order, boosting the greenback while pushing gold prices lower.
➡️ However, gold buyers returned during the U.S. trading session as the dollar came under selling pressure following a decision by the federal appeals court in Washington to pause the lower court’s ruling. The appeals court announced it would review the government’s appeal, requiring plaintiffs to respond by June 5 and the administration to reply by June 9.
Personal opinion:
➡️ This conflict is making it difficult for both gold buyers and sellers to determine the direction, so it will take time to evaluate. Therefore, we need to pay attention to the US PCE today. The market will still fluctuate slowly around the 3300 area and wait for this news
➡️ Analyze 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 3245 - 3248
❌SL: 3241 | ✅TP: 3253 - 3258 – 3263
👉Sell Gold 3341 - 3344
❌SL: 3348 | ✅TP: 3337 - 3332 – 3327
FM wishes you a successful trading day 💰💰💰
🔔🔔🔔The U.S. dollar danced to the tune of a court ruling on former President Donald Trump’s “Liberation Day” tariffs. On Wednesday, the U.S. Court of International Trade (UCIT) blocked the implementation of Trump’s tariff order, boosting the greenback while pushing gold prices lower.
➡️ However, gold buyers returned during the U.S. trading session as the dollar came under selling pressure following a decision by the federal appeals court in Washington to pause the lower court’s ruling. The appeals court announced it would review the government’s appeal, requiring plaintiffs to respond by June 5 and the administration to reply by June 9.
Personal opinion:
➡️ This conflict is making it difficult for both gold buyers and sellers to determine the direction, so it will take time to evaluate. Therefore, we need to pay attention to the US PCE today. The market will still fluctuate slowly around the 3300 area and wait for this news
➡️ Analyze 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 3245 - 3248
❌SL: 3241 | ✅TP: 3253 - 3258 – 3263
👉Sell Gold 3341 - 3344
❌SL: 3348 | ✅TP: 3337 - 3332 – 3327
FM wishes you a successful trading day 💰💰💰
✅ 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.
✅ 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.