🔔🔔🔔Gold news:
➡️ Gold has attracted some buying interest after prices fell overnight from just over $3,400 — a near one-month high. The Federal Reserve’s interest rate cut weighed on the US dollar, while geopolitical tensions and financial-economic uncertainty in the US supported the yellow metal.
➡️ However, optimism about trade relations has dampened demand for the shiny metal, following US President Donald Trump’s announcement that he had a “very good phone call” with Chinese President Xi Jinping and that another round of trade talks would take place soon. In addition, Trump expressed confidence in the strong US-German relationship during a conversation with Chancellor Friedrich Merz.
Personal opinion:
➡️ Gold remains in its uptrend. Recent weak US economic data has weighed on the USD. Today, gold will remain in the uptrend line and wait for the important news of the week, which is the US NF.
➡️ Analysis based on support resistance levels and Pivot points combined with the trend line to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3303- 3300
❌SL: 3296| ✅TP: 3307 - 3312 – 3317
👉Sell Gold 3408 - 3411
❌SL: 3415| ✅TP: 3404 - 3400 – 3395
FM wishes you a successful trading day 💰💰💰
➡️ Gold has attracted some buying interest after prices fell overnight from just over $3,400 — a near one-month high. The Federal Reserve’s interest rate cut weighed on the US dollar, while geopolitical tensions and financial-economic uncertainty in the US supported the yellow metal.
➡️ However, optimism about trade relations has dampened demand for the shiny metal, following US President Donald Trump’s announcement that he had a “very good phone call” with Chinese President Xi Jinping and that another round of trade talks would take place soon. In addition, Trump expressed confidence in the strong US-German relationship during a conversation with Chancellor Friedrich Merz.
Personal opinion:
➡️ Gold remains in its uptrend. Recent weak US economic data has weighed on the USD. Today, gold will remain in the uptrend line and wait for the important news of the week, which is the US NF.
➡️ Analysis based on support resistance levels and Pivot points combined with the trend line to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3303- 3300
❌SL: 3296| ✅TP: 3307 - 3312 – 3317
👉Sell Gold 3408 - 3411
❌SL: 3415| ✅TP: 3404 - 3400 – 3395
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.