🔔🔔🔔Gols news:
👉Gold prices continued to decline early Tuesday, though they remained above the $3,000 level. Reports indicate that Trump's tariffs will be narrower and less sentient than initially feared, while the recent recovery of the U.S. dollar from multi-month lows and optimism about a potential peace deal between Russia and Ukraine have weakened XAU/USD. The daily chart for XAU/USD shows the pair under pressure for the third consecutive day, although the decline still appears to be a corrective movement.
👉Meanwhile, U.S. economic data has been largely positive. S&P Global released preliminary estimates for the March Purchasing Managers’ Index (PMI), stating that U.S. business activity growth accelerated in March as a strong expansion in the services sector offset a fresh decline in manufacturing output. The composite PMI improved to 53.5 from 51.6 in February.
Personal analysis:
👉Gold will maintain its downward trend in the short term due to positive news from the USD.
👉Technically, DXY's daily RSI shows signs of recovery after entering the oversold zone.
👉Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA to come up with a suitable strategy
Support zone: 3000 - 2.984 - 2.971
Resistance zone: 3.025 - 3.033 - 3.047
Plan:
🔆Price Zone Setup:
👉Sell Gold 3023- 3025(Scalping)
❌SL: 3029 | ✅TP: 3018 – 3013 – 3007
👉Sell Gold 3038- 3040
❌SL: 3044 | ✅TP: 3033 – 3028 – 3023
👉Buy Gold 2999 - 3002 (Scalping)
❌SL: 2995 | ✅TP: 3006 – 3011 – 3016
👉Buy Gold 2982- 2984
❌SL: 2978 | ✅TP: 2989 – 2994 – 3000
FM wishes you a successful trading day 💰💰💰
👉Gold prices continued to decline early Tuesday, though they remained above the $3,000 level. Reports indicate that Trump's tariffs will be narrower and less sentient than initially feared, while the recent recovery of the U.S. dollar from multi-month lows and optimism about a potential peace deal between Russia and Ukraine have weakened XAU/USD. The daily chart for XAU/USD shows the pair under pressure for the third consecutive day, although the decline still appears to be a corrective movement.
👉Meanwhile, U.S. economic data has been largely positive. S&P Global released preliminary estimates for the March Purchasing Managers’ Index (PMI), stating that U.S. business activity growth accelerated in March as a strong expansion in the services sector offset a fresh decline in manufacturing output. The composite PMI improved to 53.5 from 51.6 in February.
Personal analysis:
👉Gold will maintain its downward trend in the short term due to positive news from the USD.
👉Technically, DXY's daily RSI shows signs of recovery after entering the oversold zone.
👉Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA to come up with a suitable strategy
Support zone: 3000 - 2.984 - 2.971
Resistance zone: 3.025 - 3.033 - 3.047
Plan:
🔆Price Zone Setup:
👉Sell Gold 3023- 3025(Scalping)
❌SL: 3029 | ✅TP: 3018 – 3013 – 3007
👉Sell Gold 3038- 3040
❌SL: 3044 | ✅TP: 3033 – 3028 – 3023
👉Buy Gold 2999 - 3002 (Scalping)
❌SL: 2995 | ✅TP: 3006 – 3011 – 3016
👉Buy Gold 2982- 2984
❌SL: 2978 | ✅TP: 2989 – 2994 – 3000
FM wishes you a successful trading day 💰💰💰
Trade active
Check gold HIt + 100 pips from Sell 3025
Great sell
Profit for you
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
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.
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
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.