🔔🔔🔔Gold news:
➡️ Gold prices hovered near their highest levels of the week during Asian trading on Thursday, approaching the $3,400 mark. Signs of easing inflation in the U.S. have strengthened expectations that the Federal Reserve may cut interest rates in September, further weighing on the U.S. dollar. Rising geopolitical tensions and ongoing trade uncertainties have reinforced a bullish outlook for gold.
➡️ On one hand, the U.S.-China trade talks ended on a positive note after two days of negotiations. On the other hand, domestic inflation, as measured by the Consumer Price Index (CPI), rose less than expected. This led to a decline in the U.S. dollar and grabbed media attention, pushing the precious metal to the mentioned highs.
Personal opinion:
➡️ In the short term, gold prices, boosted by weak economic news from the United States, should continue to rise today. However, positive US-China trade talks will limit the strong gains of this precious metal.
➡️ Analysis based on support resistance levels and trend lines combined with RSI to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3344 - 3347
❌SL: 3340 | ✅TP: 3352 - 3357 – 3362
👉Sell Gold 3397 - 3400 (Scalping)
❌SL: 3404 | ✅TP: 3393 - 3388 – 3383
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices hovered near their highest levels of the week during Asian trading on Thursday, approaching the $3,400 mark. Signs of easing inflation in the U.S. have strengthened expectations that the Federal Reserve may cut interest rates in September, further weighing on the U.S. dollar. Rising geopolitical tensions and ongoing trade uncertainties have reinforced a bullish outlook for gold.
➡️ On one hand, the U.S.-China trade talks ended on a positive note after two days of negotiations. On the other hand, domestic inflation, as measured by the Consumer Price Index (CPI), rose less than expected. This led to a decline in the U.S. dollar and grabbed media attention, pushing the precious metal to the mentioned highs.
Personal opinion:
➡️ In the short term, gold prices, boosted by weak economic news from the United States, should continue to rise today. However, positive US-China trade talks will limit the strong gains of this precious metal.
➡️ Analysis based on support resistance levels and trend lines combined with RSI to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3344 - 3347
❌SL: 3340 | ✅TP: 3352 - 3357 – 3362
👉Sell Gold 3397 - 3400 (Scalping)
❌SL: 3404 | ✅TP: 3393 - 3388 – 3383
FM wishes you a successful trading day 💰💰💰
Trade active
personal plan
Hit + 210 pips from Sell 3399
Setup successful
Trade closed: target reached
Achieve the first 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.