🔔🔔🔔Gold news:
➡️ U.S. President Donald Trump unexpectedly announced a doubling of import tariffs on steel and aluminum to 50%, starting this Wednesday. The move drew strong regret from the European Union, which warned it is ready to impose retaliatory measures if a bilateral solution is not reached. The decision could strain the U.S.-U.K. trade agreement. Gold prices surged sharply in response, soaring past $3,300 per ounce. Trump defended the tariffs as a way to protect the domestic steel industry and pledged a $5,000 bonus for every American steelworker. The EU indicated that its countermeasures could be activated as early as July 14.
Personal opinion:
➡️ Trump's proposed tariffs are complicating matters, and gold prices just need such an opportunity to rally. However, whether Trump will backtrack on his previous statements remains to be seen, so we'll have to wait and see. However, gold prices will still rise today.
➡️ Analysis based on important support resistance levels and Fibnonacci combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3280 - 3283
❌SL: 3276 | ✅TP: 3288 - 3293 – 3300
👉Sell Gold 3362 - 3365
❌SL: 3370 | ✅TP: 3358 - 3353 – 3345
FM wishes you a successful trading day 💰💰💰
➡️ U.S. President Donald Trump unexpectedly announced a doubling of import tariffs on steel and aluminum to 50%, starting this Wednesday. The move drew strong regret from the European Union, which warned it is ready to impose retaliatory measures if a bilateral solution is not reached. The decision could strain the U.S.-U.K. trade agreement. Gold prices surged sharply in response, soaring past $3,300 per ounce. Trump defended the tariffs as a way to protect the domestic steel industry and pledged a $5,000 bonus for every American steelworker. The EU indicated that its countermeasures could be activated as early as July 14.
Personal opinion:
➡️ Trump's proposed tariffs are complicating matters, and gold prices just need such an opportunity to rally. However, whether Trump will backtrack on his previous statements remains to be seen, so we'll have to wait and see. However, gold prices will still rise today.
➡️ Analysis based on important support resistance levels and Fibnonacci combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3280 - 3283
❌SL: 3276 | ✅TP: 3288 - 3293 – 3300
👉Sell Gold 3362 - 3365
❌SL: 3370 | ✅TP: 3358 - 3353 – 3345
FM wishes you a successful trading day 💰💰💰
Trade active
personal plan
hit + 110 pips from sell 3363.6\
successful set up
Trade closed: target reached
completed the original planBuying power is overwhelming due to the influence of US-China trade news and most recently weak US PMI data
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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.