📌 📌 📌 Gold news:
➡ Gold prices have reached a record high, surpassing the $3,100 mark for the first time, driven by growing fears of a potential global trade war. The surge in gold prices remains unabated as buyers push beyond this threshold, spurred by concerns over a possible trade conflict and the looming threat of a recession in the United States, which has led to an increased demand for the safe-haven assets.
➡ The risk-off sentiment is evident through the weaker tone across the stock market, which in turn is believed to be fueling the flow of capital into precious metals. Global risk sentiment continues to be dampened by worries over President Donald Trump's proposed car tariffs announced on Wednesday, the uncertainty surrounding upcoming retaliatory tariffs next week, and the potential impact on the global economy.
Personal opinion:
➡ The driving force is too strong, and we need to respect the market. So buying at a cheap price is a reasonable decision. Limit sell orders because this time is quite risky. Watch for technical pullback zones to buy to make a profit
➡ Analyze based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy.
Resistance zone: 3113 - 3137
Support zone: 3086 - 3060
Plan:
🔆 Price Zone Setup:
👉 Sell Gold 3113 - 3115 ( Scalping)
❌ SL: 3119 | ✅ TP: 3108 - 3103 - 3098
👉 Sell Gold 3137 - 3139
❌ SL: 3144 | ✅TP: 3132 – 3127 – 3120
👉Buy Gold 3086- 3084
❌SL: 3079| ✅TP: 3090 – 3095 – 3110
FM wishes you a successful trading day 💰💰💰
➡ Gold prices have reached a record high, surpassing the $3,100 mark for the first time, driven by growing fears of a potential global trade war. The surge in gold prices remains unabated as buyers push beyond this threshold, spurred by concerns over a possible trade conflict and the looming threat of a recession in the United States, which has led to an increased demand for the safe-haven assets.
➡ The risk-off sentiment is evident through the weaker tone across the stock market, which in turn is believed to be fueling the flow of capital into precious metals. Global risk sentiment continues to be dampened by worries over President Donald Trump's proposed car tariffs announced on Wednesday, the uncertainty surrounding upcoming retaliatory tariffs next week, and the potential impact on the global economy.
Personal opinion:
➡ The driving force is too strong, and we need to respect the market. So buying at a cheap price is a reasonable decision. Limit sell orders because this time is quite risky. Watch for technical pullback zones to buy to make a profit
➡ Analyze based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy.
Resistance zone: 3113 - 3137
Support zone: 3086 - 3060
Plan:
🔆 Price Zone Setup:
👉 Sell Gold 3113 - 3115 ( Scalping)
❌ SL: 3119 | ✅ TP: 3108 - 3103 - 3098
👉 Sell Gold 3137 - 3139
❌ SL: 3144 | ✅TP: 3132 – 3127 – 3120
👉Buy Gold 3086- 3084
❌SL: 3079| ✅TP: 3090 – 3095 – 3110
FM wishes you a successful trading day 💰💰💰
Trade active
check gold Hit +75 pips from sekk 3115
congratulation
Profit for you
✅ 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.
✅ 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.