🔔🔔🔔Gold news:
👉Gold prices (XAU/USD) continue to struggle to gain significant buying interest but remain above the $2,900 level during the Asian session on Friday. Traders appear hesitant, preferring to wait for the release of the closely-watched US Nonfarm Payrolls (NFP) report before making new directional moves. This cautious approach has resulted in a second consecutive day of range-bound trading. The NFP report will be crucial in shaping near-term US Dollar (USD) movements and could provide fresh momentum for gold.
👉Meanwhile, expectations that the Federal Reserve (Fed) may implement multiple rate cuts in 2025, amid signs of slowing US economic growth, keeping the USD near a multi-month low reached on Thursday. Additionally, concerns over President Donald Trump’s trade policies and their potential impact on the global economy weigh on market sentiment. This has led to a weaker tone in equity markets, offering additional support to safe-haven assets like gold and making traders cautious about taking aggressive bearish positions.
PERSONAL OPINION:
👉Gold continues to move in the price range of 2900 - 2930 to wait for the signal of NFP news. It is expected that there will be strong fluctuations when the news is announced because gold has been moving sideways in this area for a certain period of time.
Analysis:
👉Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 2928 - 2930 (Scalping)
❌SL: 2935 | ✅TP: 2924 - 2920 - 2915
👉Sell Gold 2954 - 2956
❌SL: 2961 | ✅TP: 2950 – 2945 – 2940
FM wishes you a successful trading day 💰💰💰
👉Gold prices (XAU/USD) continue to struggle to gain significant buying interest but remain above the $2,900 level during the Asian session on Friday. Traders appear hesitant, preferring to wait for the release of the closely-watched US Nonfarm Payrolls (NFP) report before making new directional moves. This cautious approach has resulted in a second consecutive day of range-bound trading. The NFP report will be crucial in shaping near-term US Dollar (USD) movements and could provide fresh momentum for gold.
👉Meanwhile, expectations that the Federal Reserve (Fed) may implement multiple rate cuts in 2025, amid signs of slowing US economic growth, keeping the USD near a multi-month low reached on Thursday. Additionally, concerns over President Donald Trump’s trade policies and their potential impact on the global economy weigh on market sentiment. This has led to a weaker tone in equity markets, offering additional support to safe-haven assets like gold and making traders cautious about taking aggressive bearish positions.
PERSONAL OPINION:
👉Gold continues to move in the price range of 2900 - 2930 to wait for the signal of NFP news. It is expected that there will be strong fluctuations when the news is announced because gold has been moving sideways in this area for a certain period of time.
Analysis:
👉Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 2928 - 2930 (Scalping)
❌SL: 2935 | ✅TP: 2924 - 2920 - 2915
👉Sell Gold 2954 - 2956
❌SL: 2961 | ✅TP: 2950 – 2945 – 2940
FM wishes you a successful trading day 💰💰💰
Trade active
Hit + 30 pips from 2930. congratulations
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Hit + 45 pips, 💰💰💰Note
Hit + 65 pips . how do you feelNote
TP3 2915 . Donehit +150 pips if you follow fm's PLAN
Trade closed: target reached
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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
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.