News:
🔆Trump has postponed the 25% tariffs on Canada and Mexico for another 30 days, raising optimism that a full-blown trade war can be avoided. However, the continued heavy tariffs on China and China's retaliatory moves raise the bullish outlook for the safe-haven metal.
🔆On the other hand, the US economic calendar on Wednesday includes ADP Non-Farm Employment Change and ISM Services PMI, which could be a breakout to make a higher ATH or a recovery to accelerate the main trend
Personal opinion:
🔆RSI 1H from the extreme overbought zone above 80 is showing a slight recovery and showing signs of retracement to test the trend line
🔆Gold price remains in an uptrend, new ATH expected at 2890 or 2900, waiting for ADP Non-Farm Employment Change and ISM Services PMI
Plan:
🔆Price Zone Setup:
👉Sell Gold 2899 -2900
❌SL: 2905 | ✅TP: 2895 - 2890 – 2885
Thank you for reading my comment: "FM"
🔆Trump has postponed the 25% tariffs on Canada and Mexico for another 30 days, raising optimism that a full-blown trade war can be avoided. However, the continued heavy tariffs on China and China's retaliatory moves raise the bullish outlook for the safe-haven metal.
🔆On the other hand, the US economic calendar on Wednesday includes ADP Non-Farm Employment Change and ISM Services PMI, which could be a breakout to make a higher ATH or a recovery to accelerate the main trend
Personal opinion:
🔆RSI 1H from the extreme overbought zone above 80 is showing a slight recovery and showing signs of retracement to test the trend line
🔆Gold price remains in an uptrend, new ATH expected at 2890 or 2900, waiting for ADP Non-Farm Employment Change and ISM Services PMI
Plan:
🔆Price Zone Setup:
👉Sell Gold 2899 -2900
❌SL: 2905 | ✅TP: 2895 - 2890 – 2885
Thank you for reading my comment: "FM"
Trade active
The plan is on track. touch the trend line and then bounce
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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.