🔔🔔🔔Gold news :
👉The price of gold (XAU/USD) is experiencing a bullish consolidation near its all-time high as traders take a pause, awaiting the outcome of the Federal Open Market Committee (FOMC) policy meeting set to conclude on Wednesday. Market expectations widely anticipate that the Federal Reserve (Fed) will maintain the federal funds rate within the current 4.25%–4.50% range. As a result, attention will shift to the Fed's updated economic projections and Chair Jerome Powell's post-meeting press conference, where his remarks will be closely analyzed for insights into the future rate-cut trajectory. These developments will be crucial in shaping short-term movements in the US Dollar (USD) and could significantly impact the direction of the non-yielding precious metal.
Personal opinion:
👉At the moment, there is little chance that gold will continue to increase in the Asian and European sessions, it is likely to decrease slightly to adjust and consolidate the upward momentum for the next trend
👉Gold's RSI (1H) has divergence after entering the overbought zone, reinforcing the argument for a slight decrease today
Analysis:
👉Based on important resistance - support levels and Fibonacci combined with Pivot points to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 3063- 3065
❌SL: 3070 | ✅TP: 3057 – 3050 – 3043
👉Buy Gold 3026- 3028 (Scalping)
❌SL: 3025 | ✅TP: 3033 – 3038 – 3048
👉Buy Gold 3004- 3001
❌SL: 2997 | ✅TP: 3008 – 3013 – 3018
FM wishes you a successful trading day 💰💰💰
👉The price of gold (XAU/USD) is experiencing a bullish consolidation near its all-time high as traders take a pause, awaiting the outcome of the Federal Open Market Committee (FOMC) policy meeting set to conclude on Wednesday. Market expectations widely anticipate that the Federal Reserve (Fed) will maintain the federal funds rate within the current 4.25%–4.50% range. As a result, attention will shift to the Fed's updated economic projections and Chair Jerome Powell's post-meeting press conference, where his remarks will be closely analyzed for insights into the future rate-cut trajectory. These developments will be crucial in shaping short-term movements in the US Dollar (USD) and could significantly impact the direction of the non-yielding precious metal.
Personal opinion:
👉At the moment, there is little chance that gold will continue to increase in the Asian and European sessions, it is likely to decrease slightly to adjust and consolidate the upward momentum for the next trend
👉Gold's RSI (1H) has divergence after entering the overbought zone, reinforcing the argument for a slight decrease today
Analysis:
👉Based on important resistance - support levels and Fibonacci combined with Pivot points to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 3063- 3065
❌SL: 3070 | ✅TP: 3057 – 3050 – 3043
👉Buy Gold 3026- 3028 (Scalping)
❌SL: 3025 | ✅TP: 3033 – 3038 – 3048
👉Buy Gold 3004- 3001
❌SL: 2997 | ✅TP: 3008 – 3013 – 3018
FM wishes you a successful trading day 💰💰💰
Trade active
The market is moving sideways waiting for the US FOMC news.Trade closed: target reached
Gold goes as planned
✅ 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.