🔔🔔🔔Gold News:
👉Gold is back on the rise due to a severe weakening of the US dollar. The precious metal has regained above $2,900 after suffering heavy losses in late February.
👉Inflation data from the US and political headlines could continue to boost gold prices in the near term. The short-term picture shows buyers struggling to maintain control. The bullish trend remains intact but the uptrend is still lacking momentum.
Personal opinion:
👉There is no news today that will have a strong impact on the gold market, so it will be sideways.
👉Rely on techniques to get the best entry point at the best price
Technical analysis:
👉Rely on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Support level: 2.909 2.900 2.893
Resistance level: 2.930 2.941 2.956
Plan:
🔆Price Zone Setup:
👉Buy Gold 2.909 – 2.907 (Scalping)
❌SL: 2.904 | ✅TP: 2.914 – 2.920 – 2.928
👉Buy Gold 2.894 – 2.892
❌SL: 2.887 | ✅TP: 2,899 – 2,905 – 2,910
👉Sell Gold 2.928 – 2.930
❌SL: 2.935 | ✅TP: 2.924 – 2.918 – 2.913
FM wishes you a successful trading day 💰💰💰
👉Gold is back on the rise due to a severe weakening of the US dollar. The precious metal has regained above $2,900 after suffering heavy losses in late February.
👉Inflation data from the US and political headlines could continue to boost gold prices in the near term. The short-term picture shows buyers struggling to maintain control. The bullish trend remains intact but the uptrend is still lacking momentum.
Personal opinion:
👉There is no news today that will have a strong impact on the gold market, so it will be sideways.
👉Rely on techniques to get the best entry point at the best price
Technical analysis:
👉Rely on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Support level: 2.909 2.900 2.893
Resistance level: 2.930 2.941 2.956
Plan:
🔆Price Zone Setup:
👉Buy Gold 2.909 – 2.907 (Scalping)
❌SL: 2.904 | ✅TP: 2.914 – 2.920 – 2.928
👉Buy Gold 2.894 – 2.892
❌SL: 2.887 | ✅TP: 2,899 – 2,905 – 2,910
👉Sell Gold 2.928 – 2.930
❌SL: 2.935 | ✅TP: 2.924 – 2.918 – 2.913
FM wishes you a successful trading day 💰💰💰
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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
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.