🔔🔔🔔Gold news:
➡️Gold prices have fallen after hitting a record high, surpassing $3,000, following a series of weaker-than-expected economic indicators, especially PPI and CPI. Concerns about a possible US recession have weighed on the US dollar, boosting demand for the non-yielding metal.
➡️Risky trade policies under President Trump and the possibility of the Federal Reserve easing policy by another 66 basis points (bps) by 2025 are expected to support gold's uptrend in the near future.
➡️Geopolitical tensions are also weighing on gold demand. The ceasefire between Ukraine and Russia remains at a crossroads, as Russia appears unwilling to abide by the 30-day ceasefire.
➡️In particular, Trump launched a large-scale attack on the Houthis in Yemen, killing many people. This will be the impetus for gold prices to break out in the coming time
Personal opinion:
➡️Gold has an additional driving force to increase in price, plus the previous news is still persistent, causing gold prices to maintain their upward momentum and show no signs of stopping
➡️Consider strong support zones when gold declines to be able to buy at a good price. Limit selling gold because you will mistakenly think it is the top, not yet.
➡️Technically, RSI shows signs of divergence and is expected to decrease slightly in the early Asian session. Currently, you should prioritize news over technical analysis.
Resistance zone: 3005 - 3012 - 3020
Support zone: 2980 - 2970 - 2956
Plan:
🔆Price Zone Setup:
👉Buy Gold 2,980 - 2,977 (Scalping)
❌SL: 2,975 | ✅TP: 2,983 - 2,986 - 2.990
👉Buy Gold 2,970 - 2,968
❌SL: 2,964 | ✅TP: 2,975 – 2,980 – 2,990
👉Sell Gold 3,010 – 3,012 (Scalping)
❌SL: 3.016 | ✅TP: 3.007 – 3.004 – 3.000
👉Sell Gold 3,018 – 3,020
❌SL: 3,025 | ✅TP: 3,014 – 3,008 – 3,001
FM wishes you a successful trading day 💰💰💰
➡️Gold prices have fallen after hitting a record high, surpassing $3,000, following a series of weaker-than-expected economic indicators, especially PPI and CPI. Concerns about a possible US recession have weighed on the US dollar, boosting demand for the non-yielding metal.
➡️Risky trade policies under President Trump and the possibility of the Federal Reserve easing policy by another 66 basis points (bps) by 2025 are expected to support gold's uptrend in the near future.
➡️Geopolitical tensions are also weighing on gold demand. The ceasefire between Ukraine and Russia remains at a crossroads, as Russia appears unwilling to abide by the 30-day ceasefire.
➡️In particular, Trump launched a large-scale attack on the Houthis in Yemen, killing many people. This will be the impetus for gold prices to break out in the coming time
Personal opinion:
➡️Gold has an additional driving force to increase in price, plus the previous news is still persistent, causing gold prices to maintain their upward momentum and show no signs of stopping
➡️Consider strong support zones when gold declines to be able to buy at a good price. Limit selling gold because you will mistakenly think it is the top, not yet.
➡️Technically, RSI shows signs of divergence and is expected to decrease slightly in the early Asian session. Currently, you should prioritize news over technical analysis.
Resistance zone: 3005 - 3012 - 3020
Support zone: 2980 - 2970 - 2956
Plan:
🔆Price Zone Setup:
👉Buy Gold 2,980 - 2,977 (Scalping)
❌SL: 2,975 | ✅TP: 2,983 - 2,986 - 2.990
👉Buy Gold 2,970 - 2,968
❌SL: 2,964 | ✅TP: 2,975 – 2,980 – 2,990
👉Sell Gold 3,010 – 3,012 (Scalping)
❌SL: 3.016 | ✅TP: 3.007 – 3.004 – 3.000
👉Sell Gold 3,018 – 3,020
❌SL: 3,025 | ✅TP: 3,014 – 3,008 – 3,001
FM wishes you a successful trading day 💰💰💰
Trade active
up 3008 and down 50 pipscancel sell order 3010
what a pity
watch order 3018 -3020
Order cancelled
unlucky againmissed 10 pips to enter 3018
missed 110 pips profit (down to 3007)
Cancel Sell 3018 ❌❌❌
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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.