🔔🔔🔔Gold news:
➡️ Gold prices (XAU/USD) retreated after climbing to the $3,387–$3,388 range earlier in the day, falling to a one-week low around $3,347 during Thursday’s European session. The US Dollar (USD) extended its recent rebound from a three-year low, reaching its highest level over a week after the Federal Reserve’s decision on Wednesday to pause its hawkish stance. In fact, the Fed signaled a slower pace of rate cuts ahead, which was a key factor weighing on the non-yielding yellow metal.
➡️ Meanwhile, global risk sentiment remains fragile amid persistent trade uncertainties and rising geopolitical tensions in the Middle East. This may deter traders from placing aggressive bearish bets on the safe-haven metal, thereby limiting deeper losses for gold.
Personal opinion:
➡️ The current gold price has a short-term downward trend due to the FOMC meeting. Therefore, the price will remain below the 3380 area.
➡️Analysis based on support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3333 - 3336
❌SL: 3329 | ✅TP: 3340 - 3345 – 3350
👉Sell Gold 3376 - 3379
❌SL: 3383 | ✅TP: 3371 - 3366 – 3361
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices (XAU/USD) retreated after climbing to the $3,387–$3,388 range earlier in the day, falling to a one-week low around $3,347 during Thursday’s European session. The US Dollar (USD) extended its recent rebound from a three-year low, reaching its highest level over a week after the Federal Reserve’s decision on Wednesday to pause its hawkish stance. In fact, the Fed signaled a slower pace of rate cuts ahead, which was a key factor weighing on the non-yielding yellow metal.
➡️ Meanwhile, global risk sentiment remains fragile amid persistent trade uncertainties and rising geopolitical tensions in the Middle East. This may deter traders from placing aggressive bearish bets on the safe-haven metal, thereby limiting deeper losses for gold.
Personal opinion:
➡️ The current gold price has a short-term downward trend due to the FOMC meeting. Therefore, the price will remain below the 3380 area.
➡️Analysis based on support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3333 - 3336
❌SL: 3329 | ✅TP: 3340 - 3345 – 3350
👉Sell Gold 3376 - 3379
❌SL: 3383 | ✅TP: 3371 - 3366 – 3361
FM wishes you a successful trading day 💰💰💰
Trade active
Personal plan:Hit max profit + 380 pips from sell 3379
exact plan - Enjoy
Trade closed: target reached
Gold prices will maintain upward momentum after the US entered the war in the Middle East, the market will uptrend today
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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.