🔔🔔🔔 Gold news:
➡️Gold surged to another record high on Monday, surpassing the $3,100 mark for the first time and reaching an all-time peak of $3,137 during the Asian session before slightly retreating. Ongoing uncertainty surrounding U.S. trade policies and the upcoming Liberation Day on April 2 has kept market sentiment cautious, prompting investors to seek safety in the yellow metal as a haven asset.
➡️ Risk appetite weakens as traders wait for the announcement of additional tariffs on Wednesday. Goldman Sachs reported that the probability of a U.S. Recession had risen from 20% to 35%, driven mainly by growing pessimism among businesses and enterprises regarding the economic outlook, as well as Washington's increasing acceptance of a deeper economic downturn.
Personal opinion:
➡️ The long-term trend of gold will increase in the near future due to tariff policies and the possibility of economic recession in the United States.
➡️ However, gold will have a slight corrective rally today:
RSI enters the overbought zone and shows signs of divergence
Buyers will pause in the short term to monitor for the upcoming February 4 if the tariff policy is negative
➡️Analysis based on important resistance - support levels and Fibonacci combined with RSI to come up with a suitable strategy
Resistance zone: 3150 - 3157 - 3180
Support zone: 3127 - 3113 - 3100
Plan:
🔆Price Zone Setup:
👉Buy Gold 3113- 3115
❌SL: 3108 | ✅TP: 3118 – 3123 – 3130
👉Buy Gold 3127 - 3130
❌SL: 3122| ✅TP: 3135 – 3140 – 3145
👉Sell Gold 3149 – 3151 (Scalping)
❌SL: 3155 | ✅TP: 3146– 3143 – 3140
👉Sell Gold 3179 – 3181
❌SL: 3185 | ✅TP: 3175– 3170 – 3165
FM wishes you a successful trading day 💰💰💰
➡️Gold surged to another record high on Monday, surpassing the $3,100 mark for the first time and reaching an all-time peak of $3,137 during the Asian session before slightly retreating. Ongoing uncertainty surrounding U.S. trade policies and the upcoming Liberation Day on April 2 has kept market sentiment cautious, prompting investors to seek safety in the yellow metal as a haven asset.
➡️ Risk appetite weakens as traders wait for the announcement of additional tariffs on Wednesday. Goldman Sachs reported that the probability of a U.S. Recession had risen from 20% to 35%, driven mainly by growing pessimism among businesses and enterprises regarding the economic outlook, as well as Washington's increasing acceptance of a deeper economic downturn.
Personal opinion:
➡️ The long-term trend of gold will increase in the near future due to tariff policies and the possibility of economic recession in the United States.
➡️ However, gold will have a slight corrective rally today:
RSI enters the overbought zone and shows signs of divergence
Buyers will pause in the short term to monitor for the upcoming February 4 if the tariff policy is negative
➡️Analysis based on important resistance - support levels and Fibonacci combined with RSI to come up with a suitable strategy
Resistance zone: 3150 - 3157 - 3180
Support zone: 3127 - 3113 - 3100
Plan:
🔆Price Zone Setup:
👉Buy Gold 3113- 3115
❌SL: 3108 | ✅TP: 3118 – 3123 – 3130
👉Buy Gold 3127 - 3130
❌SL: 3122| ✅TP: 3135 – 3140 – 3145
👉Sell Gold 3149 – 3151 (Scalping)
❌SL: 3155 | ✅TP: 3146– 3143 – 3140
👉Sell Gold 3179 – 3181
❌SL: 3185 | ✅TP: 3175– 3170 – 3165
FM wishes you a successful trading day 💰💰💰
Trade active
Check gold Hit + 50 pips from sell 3149
Congratulation
Profit for everyone
Note
Great sell 3049 Hit max profit +140 pips
all TP achieved
Note
check again hit + 50 pips from buy 3038
The market is quite volatile since it started in the European session.
Note
Update: Hit + 70 pips from Buy 3128
Trade closed: target reached
Hit + 30 pips from Buy 3013 The selling pressure is too strong and it breaks down to 3000
everyone pay attention to the transaction
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✅ 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.