🔔🔔🔔 Gold news:
➡️ Gold prices (XAU/USD) rebounded from the Asian session lows around the $3,374–$3,373 zone and are now trading near the upper end of the daily range, just below the key $3,400 mark. The US Dollar (USD) continues to struggle to attract meaningful buying interest, as growing expectations of further rate cuts by the Federal Reserve in 2025 weigh on the currency. Additionally, escalating geopolitical tensions in the Middle East are providing support to the safe-haven precious metal.
➡️ However, any significant upside for XAU/USD appears limited, as traders may remain cautious and avoid making aggressive moves ahead of the Fed’s key monetary policy announcement on Wednesday.
Personal opinion:
➡️ Gold price is currently lacking the momentum to continue increasing, so the market will move around the 3400 area and the US Retail Sales economic data to determine the short-term direction
➡️ Analysis based on support resistance levels and SMA combined with RSI to come up with a suitable strategy
Resistance zone: $3,415 - $3,448
Support zone: $3,374 - $3,347
Personal plan:
🔆Price Zone Setup:
👉Buy Gold 3344 - 3347
❌SL: 3340 | ✅TP: 3351 - 3356– 3362
👉Sell Gold 3448 - 3451
❌SL: 3455 | ✅TP: 3444 - 3440 – 3435
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices (XAU/USD) rebounded from the Asian session lows around the $3,374–$3,373 zone and are now trading near the upper end of the daily range, just below the key $3,400 mark. The US Dollar (USD) continues to struggle to attract meaningful buying interest, as growing expectations of further rate cuts by the Federal Reserve in 2025 weigh on the currency. Additionally, escalating geopolitical tensions in the Middle East are providing support to the safe-haven precious metal.
➡️ However, any significant upside for XAU/USD appears limited, as traders may remain cautious and avoid making aggressive moves ahead of the Fed’s key monetary policy announcement on Wednesday.
Personal opinion:
➡️ Gold price is currently lacking the momentum to continue increasing, so the market will move around the 3400 area and the US Retail Sales economic data to determine the short-term direction
➡️ Analysis based on support resistance levels and SMA combined with RSI to come up with a suitable strategy
Resistance zone: $3,415 - $3,448
Support zone: $3,374 - $3,347
Personal plan:
🔆Price Zone Setup:
👉Buy Gold 3344 - 3347
❌SL: 3340 | ✅TP: 3351 - 3356– 3362
👉Sell Gold 3448 - 3451
❌SL: 3455 | ✅TP: 3444 - 3440 – 3435
FM wishes you a successful trading day 💰💰💰
Trade active
The market is moving sideways and holding below 3400Both buying and selling momentum are unclear.
The market is waiting for the FOMC to price the next trend of gold prices
Trade closed: target reached
Personal plan:Hit max profit + 130 pips from Buy 3345
+ 150 pips from Buy 3344
setup successful - Enjoy
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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.