🔔🔔🔔Gold News:
🔆The tariff war between the US and its countries is easing with no signs of further escalation.
🔆With trade tensions temporarily easing, attention turns to Friday’s key US Non-Farm Payrolls (NFP) data, which could signal the Fed’s next policy move. The NFP data could emerge as the key market driver for Gold prices
🔆Meanwhile, the US Jobless Claims report will be watched along with Fedspeak for some trading impetus for Gold prices.
🔆In addition, Trump’s plan to end the Israel-Hamas geopolitical conflict also provided a glimmer of hope to the market, reducing the USD’s appeal as a safe haven. Israeli Prime Minister Benjamin Netanyahu and Trump met on Tuesday at the White House and discussed key issues in the Middle East.
Technical Analysis:
🔆RSI (1H) has now moved out of the overbought level and is showing signs of falling.
🔆Head and shoulders pattern is likely to emerge
Commentary:
🔆Gold prices are bearish in the short term and will wait for the news on Unemployment Claims along with the US Fedspeak for more momentum. Continuing to monitor the USD/JPY developments, the Japanese Yen has hit a nearly two-month high against the US Dollar, dragging USD/JPY down sharply. This is a significant resistance level for the Greenback.
Plan:
🔆Price Zone Setup:
👉Buy Gold 2840 -2843 (European session)
❌SL: 2835 | ✅TP: 2849 - 2855 – 2862
👉 Buy Gold 2818 – 2820
❌SL: 2813 | ✅TP: 2825 – 2832 – 2840
👉Sell Gold 2888 -2890
❌SL: 2895 | ✅TP: 2884 - 2878 – 2870
Thank you for reading my comment: "FM"
🔆The tariff war between the US and its countries is easing with no signs of further escalation.
🔆With trade tensions temporarily easing, attention turns to Friday’s key US Non-Farm Payrolls (NFP) data, which could signal the Fed’s next policy move. The NFP data could emerge as the key market driver for Gold prices
🔆Meanwhile, the US Jobless Claims report will be watched along with Fedspeak for some trading impetus for Gold prices.
🔆In addition, Trump’s plan to end the Israel-Hamas geopolitical conflict also provided a glimmer of hope to the market, reducing the USD’s appeal as a safe haven. Israeli Prime Minister Benjamin Netanyahu and Trump met on Tuesday at the White House and discussed key issues in the Middle East.
Technical Analysis:
🔆RSI (1H) has now moved out of the overbought level and is showing signs of falling.
🔆Head and shoulders pattern is likely to emerge
Commentary:
🔆Gold prices are bearish in the short term and will wait for the news on Unemployment Claims along with the US Fedspeak for more momentum. Continuing to monitor the USD/JPY developments, the Japanese Yen has hit a nearly two-month high against the US Dollar, dragging USD/JPY down sharply. This is a significant resistance level for the Greenback.
Plan:
🔆Price Zone Setup:
👉Buy Gold 2840 -2843 (European session)
❌SL: 2835 | ✅TP: 2849 - 2855 – 2862
👉 Buy Gold 2818 – 2820
❌SL: 2813 | ✅TP: 2825 – 2832 – 2840
👉Sell Gold 2888 -2890
❌SL: 2895 | ✅TP: 2884 - 2878 – 2870
Thank you for reading my comment: "FM"
Trade active
Gold is going according to FM's planTrade closed manually
Xau/usd retreated to support and bounced as expected
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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.