🔔🔔🔔Gold news:
➡️ The spot gold price struggled to maintain the $3,100 level during US trading, dropping from a new record high of $3,167.68. The XAU/USD pair surged during Asian trading hours yesterday as market participants panicked following the "Liberation Day" announcement by US President Donald Trump.
➡️ Financial markets were in turmoil amid speculation that inflation would soar while economic progress could stall. Concerns over a potential economic recession in the US grew, along with speculation that the Federal Reserve (Fed) might need to adjust its monetary policy accordingly. The US dollar dropped sharply, and stock markets around the world also declined.
Personal opinion:
➡️The drop in gold prices was mostly due to profit-taking by bulls after seeing the RSI of gold enter overbought territory and halting trading to monitor developments.
➡️Yesterday was a very rare crazy day when the gold price fluctuated up and down by 2000 pips.
➡️ Today the market will be slower and less volatile to wait for the NF news from the US to consider the new momentum to push the gold price. So watch the strong technical resistance - support zones to be able to make profits from them.
Resistance zone: 3113– 3137
Support zone: 3085 - 3070 - 3060
Plan:
🔆Price Zone Setup:
👉Buy Gold 3084- 3086 (Scalping)
❌SL: 3079 | ✅TP: 3090 – 3093 – 3100
👉Buy Gold 3058- 3060
❌SL: 3053| ✅TP: 3065 – 3070 – 3080
👉Sell Gold 3128- 3130 (Scalping)
❌SL: 3135 | ✅TP: 3124 – 3120 – 3116
👉Sell Gold 3065- 3067
❌SL: 3172| ✅TP: 3160 – 3155 – 3150
FM wishes you a successful trading day 💰💰💰
➡️ The spot gold price struggled to maintain the $3,100 level during US trading, dropping from a new record high of $3,167.68. The XAU/USD pair surged during Asian trading hours yesterday as market participants panicked following the "Liberation Day" announcement by US President Donald Trump.
➡️ Financial markets were in turmoil amid speculation that inflation would soar while economic progress could stall. Concerns over a potential economic recession in the US grew, along with speculation that the Federal Reserve (Fed) might need to adjust its monetary policy accordingly. The US dollar dropped sharply, and stock markets around the world also declined.
Personal opinion:
➡️The drop in gold prices was mostly due to profit-taking by bulls after seeing the RSI of gold enter overbought territory and halting trading to monitor developments.
➡️Yesterday was a very rare crazy day when the gold price fluctuated up and down by 2000 pips.
➡️ Today the market will be slower and less volatile to wait for the NF news from the US to consider the new momentum to push the gold price. So watch the strong technical resistance - support zones to be able to make profits from them.
Resistance zone: 3113– 3137
Support zone: 3085 - 3070 - 3060
Plan:
🔆Price Zone Setup:
👉Buy Gold 3084- 3086 (Scalping)
❌SL: 3079 | ✅TP: 3090 – 3093 – 3100
👉Buy Gold 3058- 3060
❌SL: 3053| ✅TP: 3065 – 3070 – 3080
👉Sell Gold 3128- 3130 (Scalping)
❌SL: 3135 | ✅TP: 3124 – 3120 – 3116
👉Sell Gold 3065- 3067
❌SL: 3172| ✅TP: 3160 – 3155 – 3150
FM wishes you a successful trading day 💰💰💰
Note
Missed 10 pips to enter buy order 3086missed 90 pips profit (current price 3096)
what a pity
Order cancelled
Sellers are in controlcancel all orders
✅ 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.