🔔🔔🔔Gold news:
➡️ Gold is struggling to build on last week's rally that pushed it to a two-month high. A positive risk sentiment and a modest rebound in the US Dollar are acting as headwinds for the XAU/USD pair. However, trade uncertainties and geopolitical risks are likely to limit the downside for the precious metal ahead of the upcoming FOMC meeting.
Personal opinion:
➡️Gold is having a phase of decline after being overbought. However, this decline is only temporary and will not last long because there are many factors supporting the gold price increase.
➡️ Analysis based on support resistance levels and Pivot points combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy Gold 3393 - 3396
❌SL: 3189 | ✅TP: 3400 - 3405 – 3410
👉Sell Gold 3451 - 3448
❌SL: 3455 | ✅TP: 3444 - 3439 – 3434
FM wishes you a successful trading day 💰💰💰
➡️ Gold is struggling to build on last week's rally that pushed it to a two-month high. A positive risk sentiment and a modest rebound in the US Dollar are acting as headwinds for the XAU/USD pair. However, trade uncertainties and geopolitical risks are likely to limit the downside for the precious metal ahead of the upcoming FOMC meeting.
Personal opinion:
➡️Gold is having a phase of decline after being overbought. However, this decline is only temporary and will not last long because there are many factors supporting the gold price increase.
➡️ Analysis based on support resistance levels and Pivot points combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy Gold 3393 - 3396
❌SL: 3189 | ✅TP: 3400 - 3405 – 3410
👉Sell Gold 3451 - 3448
❌SL: 3455 | ✅TP: 3444 - 3439 – 3434
FM wishes you a successful trading day 💰💰💰
Trade active
trend is still going according to plan
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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.