🔔🔔🔔Gold news:
➡️ Gold is retreating from its record high of $3,245 reached early Monday, extending Friday’s late decline. A drop in safe-haven demand and a broad rebound in the US dollar have weakened the yellow metal, amid news that US tariffs on Chinese semiconductors and electronics may not be as severe as expected.
➡️ After surging 6.5% last week, gold prices have slowed at the start of the new week, pausing a three-day record-breaking rally. The latest pullback in gold may be attributed to an improved risk appetite following a turbulent week.
Personal opinion:
➡️ Gold will have a slight correction after the strong increase last week. The buyers will temporarily rest to wait for more news to boost the gold price
➡️ RSI enters the overbought zone and shows signs of a bearish reversal
➡️ Analysis based on resistance - support levels and EMA combined with trend lines to come up with a suitable strategy
Resistance zone: 3247 - 3260 - 3272
Support zone: 3188 - 3145
Plan:
🔆Price Zone Setup:
👉Buy Gold 3188- 3190 (Scalping)
❌SL: 3186 | ✅TP: 3194 - 3199 - 3205
👉Buy Gold 3166- 3168
❌SL: 3160 | ✅TP: 3174 – 3180 – 3190
👉Sell Gold 3247- 3250 (Scalping)
❌SL: 3253| ✅TP: 3243 – 3238 – 3235
👉Sell Gold 3260- 3262
❌SL: 3267| ✅TP: 3255 – 3250 – 3240
FM wishes you a successful trading day 💰💰💰
➡️ Gold is retreating from its record high of $3,245 reached early Monday, extending Friday’s late decline. A drop in safe-haven demand and a broad rebound in the US dollar have weakened the yellow metal, amid news that US tariffs on Chinese semiconductors and electronics may not be as severe as expected.
➡️ After surging 6.5% last week, gold prices have slowed at the start of the new week, pausing a three-day record-breaking rally. The latest pullback in gold may be attributed to an improved risk appetite following a turbulent week.
Personal opinion:
➡️ Gold will have a slight correction after the strong increase last week. The buyers will temporarily rest to wait for more news to boost the gold price
➡️ RSI enters the overbought zone and shows signs of a bearish reversal
➡️ Analysis based on resistance - support levels and EMA combined with trend lines to come up with a suitable strategy
Resistance zone: 3247 - 3260 - 3272
Support zone: 3188 - 3145
Plan:
🔆Price Zone Setup:
👉Buy Gold 3188- 3190 (Scalping)
❌SL: 3186 | ✅TP: 3194 - 3199 - 3205
👉Buy Gold 3166- 3168
❌SL: 3160 | ✅TP: 3174 – 3180 – 3190
👉Sell Gold 3247- 3250 (Scalping)
❌SL: 3253| ✅TP: 3243 – 3238 – 3235
👉Sell Gold 3260- 3262
❌SL: 3267| ✅TP: 3255 – 3250 – 3240
FM wishes you a successful trading day 💰💰💰
Trade active
The plan is on track.Trade closed manually
Today there is little information that can strongly impact gold so it will remain in the safe zoneGold will retest the ATH zone soon
Plan update:
👉Sell Gold 3247- 3244
❌SL: 3252| ✅TP: 3240 – 3235 – 3230
FM Wish you a successful trading day💰💰💰
Note
Hit +60 pips from 3247 sell with plan update. Congratulation
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
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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.