Waiting for FOMC and the next trend of Gold
Gold news:
🔆Concerns over renewed tariffs, coupled with the absence of positive outcomes from the US-Russia peace talks excluding Ukraine on Tuesday, have weakened investor confidence, boosting demand for safe-haven assets like gold.
🔆Market participants remain apprehensive about a potential escalation in global trade tensions due to Trump's protectionist policies. Additionally, expectations of further monetary easing by the Federal Reserve continue to support the precious metal.
🔆The disappointing US Retail Sales data released on Friday, along with mixed inflation signals, indicate that the Fed might consider cutting interest rates in its September or October meeting.
🔆Consequently, investors will closely monitor the Fed's January meeting minutes for insights into the central bank’s rate trajectory and its impact on the non-y
Personal opinion:
🔆Gold will have a decline above 2900, then continue to maintain the upward momentum due to fundamental and technical factors. There will be a new ATH this week
Analysis:
🔆Based on fundamental analysis - geopolitics combined with SMA and important resistance - support zones to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
Sell Gold 2974 - 2976
❌SL: 2981 | ✅TP: 2970 - 2963 – 2955
👉Buy Gold 2903-2905
❌SL: 2898 | ✅TP: 2910 - 2915– 2925
FM wishes you a successful trading day đź’°đź’°đź’°
🔆Concerns over renewed tariffs, coupled with the absence of positive outcomes from the US-Russia peace talks excluding Ukraine on Tuesday, have weakened investor confidence, boosting demand for safe-haven assets like gold.
🔆Market participants remain apprehensive about a potential escalation in global trade tensions due to Trump's protectionist policies. Additionally, expectations of further monetary easing by the Federal Reserve continue to support the precious metal.
🔆The disappointing US Retail Sales data released on Friday, along with mixed inflation signals, indicate that the Fed might consider cutting interest rates in its September or October meeting.
🔆Consequently, investors will closely monitor the Fed's January meeting minutes for insights into the central bank’s rate trajectory and its impact on the non-y
Personal opinion:
🔆Gold will have a decline above 2900, then continue to maintain the upward momentum due to fundamental and technical factors. There will be a new ATH this week
Analysis:
🔆Based on fundamental analysis - geopolitics combined with SMA and important resistance - support zones to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
Sell Gold 2974 - 2976
❌SL: 2981 | ✅TP: 2970 - 2963 – 2955
👉Buy Gold 2903-2905
❌SL: 2898 | ✅TP: 2910 - 2915– 2925
FM wishes you a successful trading day đź’°đź’°đź’°
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âś… 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.