Gold Spot / U.S. Dollar
Short
Updated

Maintain short term downtrend, heading down to 3376

84
🔔🔔🔔Gold news:

➡️ Gold prices continued to decline as Trump pushed for Israel and Iran to honor the ceasefire agreement.

➡️ Meanwhile, Fed Chair Jerome Powell reiterated that the U.S. economy remains "solid" as he began his two-day semiannual testimony before Congress.

➡️ XAU/USD is hovering around the $3,300 mark, with risk-on sentiment dominating the market following the ceasefire deal.

Personal opinion:
➡️ The downtrend is still strong as the sellers dominate thanks to positive information from the Middle East and the hawkish policy of the US. This selling pressure will continue in the coming time.

➡️ 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 3274 - 3277
❌SL: 3270 | ✅TP: 3282 - 3287 – 3292

👉Sell Gold 3328 - 3331 (Scalping)
❌SL: 3335 | ✅TP: 3324 - 3320

FM wishes you a successful trading day 💰💰💰
Trade active
snapshot

personal plan:
Hit near + 60 pips from Sell 3330
set up successful

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