Gold Trend Update:
🔆Gold has now dropped to 2882 and is recovering to 2895.
🔆RSI (1H) remains in strong sell zone
Personal opinion:
🔆Markets are awaiting Fed Chairman Powell’s testimony in the next hour and the Fed is expected to take a hawkish stance. This signals increased dollar strength, so gold is likely to fall in the short term
🔆Note: Prioritize assessing the potential risks of tariffs on inflation and then monetary policy.
Plan:
🔆Price Zone Setup:
👉Sell Gold 2899 -2901
❌SL: 2908 | ✅TP: 2892 - 2886 – 29880
👉Buy Gold 2858 -2860
❌SL: 2852 | ✅TP: 2865 - 2870 – 2875
🔆Gold has now dropped to 2882 and is recovering to 2895.
🔆RSI (1H) remains in strong sell zone
Personal opinion:
🔆Markets are awaiting Fed Chairman Powell’s testimony in the next hour and the Fed is expected to take a hawkish stance. This signals increased dollar strength, so gold is likely to fall in the short term
🔆Note: Prioritize assessing the potential risks of tariffs on inflation and then monetary policy.
Plan:
🔆Price Zone Setup:
👉Sell Gold 2899 -2901
❌SL: 2908 | ✅TP: 2892 - 2886 – 29880
👉Buy Gold 2858 -2860
❌SL: 2852 | ✅TP: 2865 - 2870 – 2875
Trade active
Hit + 30 pips from 2900Trade closed: target reached
HIt +75 pips can take profit
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Disclaimer
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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.