🔔🔔🔔Gols news:
➡️ Gold prices neared their lowest level of the week, around $3,300, early Monday as a stronger-than-expected U.S. jobs report dampened expectations for a Fed rate cut this year, weakening the appeal of non-yielding assets like gold.
➡️ Investors are closely watching the upcoming trade talks between the U.S. and China set for later Monday, following President Trump’s announcement that the two largest economies will meet in London. This positive signal for the U.S. dollar, fueled by both sides showing willingness to reengage in negotiations, has added further pressure on gold prices.
Personal opinion;
➡️ Gold prices have broken below $3,300, indicating that the bearish trend is still in control. Gold prices will continue to fall today and await the latest news from the U.S.-China talks.
➡️ Analysis based on important support resistance and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3275 - 3278
❌SL: 3270 | ✅TP: 3293 - 3297 – 3305
👉Sell Gold 3241 - 3344
❌SL: 3348 | ✅TP: 3337 - 3332 – 3327
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices neared their lowest level of the week, around $3,300, early Monday as a stronger-than-expected U.S. jobs report dampened expectations for a Fed rate cut this year, weakening the appeal of non-yielding assets like gold.
➡️ Investors are closely watching the upcoming trade talks between the U.S. and China set for later Monday, following President Trump’s announcement that the two largest economies will meet in London. This positive signal for the U.S. dollar, fueled by both sides showing willingness to reengage in negotiations, has added further pressure on gold prices.
Personal opinion;
➡️ Gold prices have broken below $3,300, indicating that the bearish trend is still in control. Gold prices will continue to fall today and await the latest news from the U.S.-China talks.
➡️ Analysis based on important support resistance and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3275 - 3278
❌SL: 3270 | ✅TP: 3293 - 3297 – 3305
👉Sell Gold 3241 - 3344
❌SL: 3348 | ✅TP: 3337 - 3332 – 3327
FM wishes you a successful trading day 💰💰💰
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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.