🔔🔔🔔 Gold news:
👉The US dollar is facing increasing pressure due to changes in US trade policy and increasing global economic uncertainty. If the US government continues on its current path, these pressures could increase, pushing investors towards safe-haven assets such as gold.
👉 In addition, slowing economic growth and expectations of a Federal Reserve rate cut are adding pressure on the greenback. Conversely, gold's appeal as a hedge against geopolitical uncertainty and currency weakness has increased. Rising global tensions and concerns about persistent inflation make the precious metal increasingly attractive for portfolio diversification.
Personal opinion:
👉 RSI (1H) is showing signs of divergence and gold has failed to break above 2950 during the European session. Signs for gold to ease for a momentum break
👉In addition, the DXY and the US 10-year bond yield rising again could slow down the gold rally
Analysis:
👉Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
🔆 Resistance level: 2.956 2.970
🔆 Support level: 2.940 2.932 2.920
Plan:
🔆Price Zone Setup:
👉Buy Gold 2.940 – 2.938
❌SL: 2.934 | ✅TP: 2,944 – 2,948 – 2,954
👉Sell Gold 2,955 – 2,957 (Scalping)
❌SL: 2,961 | ✅TP: 2,952 – 2,948 – 2,943
👉Sell Gold 2,969 – 2,971
❌SL: 2,976 | ✅TP: 2,965 – 2,961 – 2,956
FM wishes you a successful trading day 💰💰💰
👉The US dollar is facing increasing pressure due to changes in US trade policy and increasing global economic uncertainty. If the US government continues on its current path, these pressures could increase, pushing investors towards safe-haven assets such as gold.
👉 In addition, slowing economic growth and expectations of a Federal Reserve rate cut are adding pressure on the greenback. Conversely, gold's appeal as a hedge against geopolitical uncertainty and currency weakness has increased. Rising global tensions and concerns about persistent inflation make the precious metal increasingly attractive for portfolio diversification.
Personal opinion:
👉 RSI (1H) is showing signs of divergence and gold has failed to break above 2950 during the European session. Signs for gold to ease for a momentum break
👉In addition, the DXY and the US 10-year bond yield rising again could slow down the gold rally
Analysis:
👉Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
🔆 Resistance level: 2.956 2.970
🔆 Support level: 2.940 2.932 2.920
Plan:
🔆Price Zone Setup:
👉Buy Gold 2.940 – 2.938
❌SL: 2.934 | ✅TP: 2,944 – 2,948 – 2,954
👉Sell Gold 2,955 – 2,957 (Scalping)
❌SL: 2,961 | ✅TP: 2,952 – 2,948 – 2,943
👉Sell Gold 2,969 – 2,971
❌SL: 2,976 | ✅TP: 2,965 – 2,961 – 2,956
FM wishes you a successful trading day 💰💰💰
Trade active
check goldhit initial target
HIt + 140 pips from Buy 2940
Hit + 40 pips from 2971
big profit for you
Big success plan
Trade closed: target reached
Complete all the goals, congratulations you have made a profit
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Disclaimer
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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
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.