🔔🔔🔔Gold news:
👉Gold is trading with modest gains above $3,000. However, the positive risk sentiment may cap further upside for the precious metal.
👉At the moment, a continued decline in gold prices seems uncertain, as investors remain cautious amid mixed reports regarding former President Trump’s tariff policies.
Personal analysis:
👉The short-term downtrend remains intact until , unless XAUUSD reaches above 304x, then we can consider the possibility of a major uptrend.
👉The trend line is firmly consolidating the short-term downtrend. Therefore, you should limit your Buy to avoid losses for you.
👉Currently, there is not much news affecting XAUUSD today, so gold may fluctuate in the 3000 – 3030 range.
👉Analysis based on important resistance - support levels and Pivot points combined with trend lines and EMA to come up with a suitable strategy
Support zone: 3000 - 2.984
Resistance zone: 3.027 - 3.038 - 3.047
Plan:
🔆Price Zone Setup:
👉Sell Gold 3025- 3027
❌SL: 3033 | ✅TP: 3020 – 3015 – 3010
👉Buy Gold 2999 - 3002
❌SL: 2995 | ✅TP: 3006 – 3011 – 3016
FM wishes you a successful trading day 💰💰💰