Gold Spot / U.S. Dollar
Long
Updated

Maintain in uptrend line- retest ATH 3247

152
🔔🔔🔔Gold news:

➡️ Federal Reserve Governor Christopher Waller stated that the Trump administration’s tariffs delivered a significant shock to the U.S. economy, potentially forcing the central bank to cut interest rates to avoid a recession. Global risk sentiment improved after the White House announced on Friday that smartphones, computers, and other electronic devices would be temporarily exempt from Trump’s punitive tariffs.

➡️ However, Trump emphasized that these exemptions are only temporary and added that he plans to announce new tariffs on imported semiconductors next week. He also threatened to impose tariffs on pharmaceuticals in the near future. This ongoing uncertainty, along with underlying bearish sentiment surrounding the U.S. dollar, has provided some support for the XAU/USD pair.

Personal opinion:

➡️ Today there is not much news that directly affects the gold price so it will remain in the uptrend zone. Watch the technical analysis zones to get good profits for you

➡️ Analyze based on resistance - support levels and Volume profile combined with trend lines to come up with a suitable strategy

Plan:

🔆Price Zone Setup:

👉Buy Gold 3188 - 3190
❌SL: 3183 | ✅TP: 3195 - 3200 - 3205

👉Sell Gold 3244 - 3247
❌SL: 3252 | ✅TP: 3240 - 3235 - 3230

FM wishes you a successful trading day 💰💰💰
Trade active
Plan is on track
There is little major news today so Gold will trade in the range of 3,210 - 3,230
Trade closed: target reached
check gold:
Hit + 60 pips from sell 3247
Congratulation
Profit for you

Gold increased sharply in Asian session and current price is 3290

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