XAUUSD Trend in US Trading Session
Gold News:
🔆US President Donald Trump has signed an order imposing reciprocal tariffs, saying: "Whatever tariffs they charge, we will charge." He added that there would be no tariffs if the product was made or manufactured in the United States and that tariffs on cars would soon follow in addition to steel and aluminum. This sent gold prices higher in Asian and European trading.
🔆The DXY index has fallen to its lowest level since January 27 and is showing signs of recovery.
🔆The World Gold Council (WGC) revealed that, following Trump's election victory, central bank gold purchases increased by more than 54% year-on-year to 333 tonnes, according to WGC data. Increased demand from central banks could put upward pressure on bullion prices.
Personal opinion:
🔆US 10-year Treasury yield maintains intraday gain (0.44%)
🔆Expectations that the US Federal Reserve (Fed) will maintain a dovish stance and keep interest rates high for longer could drag the non-yielding yellow metal lower.
🔆RSI shows DXY is entering oversold territory, which could lead to a short-term decline in gold prices
🔆Recent economic data has been positive for the US economy, so traders will be watching the release of US Retail Sales for January today to decide on the appropriate strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 2968 -2970
❌SL: 2975 | ✅TP: 2963 - 2958 – 2950
👉Sell Gold 2943 -2945 (Scalping)
❌SL: 2950 | ✅TP: 2938 - 2932 – 2925
👉Buy Gold 2905 -2907
❌SL: 2899 | ✅TP: 2912 - 2918 – 2928
🔆US President Donald Trump has signed an order imposing reciprocal tariffs, saying: "Whatever tariffs they charge, we will charge." He added that there would be no tariffs if the product was made or manufactured in the United States and that tariffs on cars would soon follow in addition to steel and aluminum. This sent gold prices higher in Asian and European trading.
🔆The DXY index has fallen to its lowest level since January 27 and is showing signs of recovery.
🔆The World Gold Council (WGC) revealed that, following Trump's election victory, central bank gold purchases increased by more than 54% year-on-year to 333 tonnes, according to WGC data. Increased demand from central banks could put upward pressure on bullion prices.
Personal opinion:
🔆US 10-year Treasury yield maintains intraday gain (0.44%)
🔆Expectations that the US Federal Reserve (Fed) will maintain a dovish stance and keep interest rates high for longer could drag the non-yielding yellow metal lower.
🔆RSI shows DXY is entering oversold territory, which could lead to a short-term decline in gold prices
🔆Recent economic data has been positive for the US economy, so traders will be watching the release of US Retail Sales for January today to decide on the appropriate strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 2968 -2970
❌SL: 2975 | ✅TP: 2963 - 2958 – 2950
👉Sell Gold 2943 -2945 (Scalping)
❌SL: 2950 | ✅TP: 2938 - 2932 – 2925
👉Buy Gold 2905 -2907
❌SL: 2899 | ✅TP: 2912 - 2918 – 2928
Trade closed: target reached
Initial goal achieved, follow FM for more profit
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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.