Gold Spot / U.S. Dollar
Long
Updated

Main trend is up again - soon to regain 3140 area

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🔔🔔🔔Gold news:

➡️ Gold prices extended their earlier recovery to trade near $3,100 in the Asian session on Thursday. Safe-haven demand amid escalating trade tensions between the United States and China provided some support for the precious metal. The selling of the US Dollar (USD) remained unabated amid the prospect of multiple Fed rate cuts in 2025 and continued to benefit Gold prices

Personal opinion:
➡️ The main uptrend of gold has returned and the deep correction has ended. So it is safer for you to wait for technical pullbacks to buy at good prices

➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy

Plan:

🔆Price Zone Setup:

👉 Sell Gold 3138 – 3140
❌SL: 3145 | ✅TP: 3133– 3128 – 3123

👉 Buy Gold 3100 – 3102
❌SL: 3095 | ✅TP: 3107– 3113 – 3123

FM wishes you a successful trading day 💰💰💰
Trade active
Price touched 3003 and bounced to 3010. Unfortunately missed out on almost 70 pips of profit
Cancel buy plan 3002 - 3000. This price zone reduced the buy value
Trade closed: target reached
initial target 3140 has been completed

Next ATH: 3175
Fomo buying force is too strong



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