🔔🔔🔔Gold news:
👉DXY bounced sharply in the Asian and European sessions after falling to 103.47, the lowest level since 5/11/2024.
👉There is no news today to motivate gold so the price may run in the range of 2890 - 2930
👉RSI (1H) is entering the overbought zone, watch this area closely to create a buy order at a good price.
👉The US 10-year bond yield is down 1.81% at the moment so it may be the driving force for gold to increase again.
Analysis:
👉Based on important support resistance levels and pivot points standard combined with trend lines to come up with a suitable strategy
resistance zone: 2928 - 2908
support zone: 2894 – 2882 – 2870
Plan:
🔆Price Zone Setup:
👉Buy Gold 2.894 – 2.896
❌SL: 2.887 | ✅TP: 2.900 – 2.905 – 2.908
👉Sell Gold 2.927 – 2.929
❌SL: 2.934 | ✅TP: 2.923 – 2.918 – 2.911
FM wishes you a successful trading day 💰💰💰
👉DXY bounced sharply in the Asian and European sessions after falling to 103.47, the lowest level since 5/11/2024.
👉There is no news today to motivate gold so the price may run in the range of 2890 - 2930
👉RSI (1H) is entering the overbought zone, watch this area closely to create a buy order at a good price.
👉The US 10-year bond yield is down 1.81% at the moment so it may be the driving force for gold to increase again.
Analysis:
👉Based on important support resistance levels and pivot points standard combined with trend lines to come up with a suitable strategy
resistance zone: 2928 - 2908
support zone: 2894 – 2882 – 2870
Plan:
🔆Price Zone Setup:
👉Buy Gold 2.894 – 2.896
❌SL: 2.887 | ✅TP: 2.900 – 2.905 – 2.908
👉Sell Gold 2.927 – 2.929
❌SL: 2.934 | ✅TP: 2.923 – 2.918 – 2.911
FM wishes you a successful trading day 💰💰💰
Trade active
Congrats if you follow FM planhit +90 pips from 2896.
profit for you
✅ 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.
✅ 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.