🔔🔔🔔Gold news:
➡️ Gold prices opened the week with a sharp decline, hitting a one-month low below the $3,000 mark. However, buyers quickly stepped in, driven by the narrative that rising risks of a U.S. economic recession—fueled by Trump’s tariff war—pose a greater concern than inflation. This has increased expectations that the Federal Reserve will implement aggressive rate cuts this year.
➡️ Still, it remains to be seen whether gold can sustain its modest rebound, especially after Friday’s broad-based selloff, which forced traders to cover losses and meet margin calls by cashing out their gold positions.
Personal opinion:
➡️ The sellers are still dominant in the short term, and the bottom of this correction has not yet been determined. Gold prices fluctuate too quickly and strongly, so limit many orders because of high SL risk. Watch for technical zones to make profits and wait for further confirmation of the market trend.
➡️ Analysis based on important support - resistance zones and Fibonacci combined with trends and EMA to come up with a suitable strategy
Resistance zone: 3056 - 3076
Support zone: 3077 -3040
Plan:
🔆Price Zone Setup:
👉Buy Gold 3077 -3079
❌SL: 3070 | ✅TP: 3085 – 3090 – 3095
👉Buy Gold 3040 -3042
❌SL: 3033 | ✅TP: 3050 – 3060 – 3070
👉Sell Gold 3056 -3058 (Scalping)
❌SL: 3062 | ✅TP: 3050 – 3043 – 3030
👉Sell Gold 3076 -3078
❌SL: 3083 | ✅TP: 3070 – 3060 – 3050
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices opened the week with a sharp decline, hitting a one-month low below the $3,000 mark. However, buyers quickly stepped in, driven by the narrative that rising risks of a U.S. economic recession—fueled by Trump’s tariff war—pose a greater concern than inflation. This has increased expectations that the Federal Reserve will implement aggressive rate cuts this year.
➡️ Still, it remains to be seen whether gold can sustain its modest rebound, especially after Friday’s broad-based selloff, which forced traders to cover losses and meet margin calls by cashing out their gold positions.
Personal opinion:
➡️ The sellers are still dominant in the short term, and the bottom of this correction has not yet been determined. Gold prices fluctuate too quickly and strongly, so limit many orders because of high SL risk. Watch for technical zones to make profits and wait for further confirmation of the market trend.
➡️ Analysis based on important support - resistance zones and Fibonacci combined with trends and EMA to come up with a suitable strategy
Resistance zone: 3056 - 3076
Support zone: 3077 -3040
Plan:
🔆Price Zone Setup:
👉Buy Gold 3077 -3079
❌SL: 3070 | ✅TP: 3085 – 3090 – 3095
👉Buy Gold 3040 -3042
❌SL: 3033 | ✅TP: 3050 – 3060 – 3070
👉Sell Gold 3056 -3058 (Scalping)
❌SL: 3062 | ✅TP: 3050 – 3043 – 3030
👉Sell Gold 3076 -3078
❌SL: 3083 | ✅TP: 3070 – 3060 – 3050
FM wishes you a successful trading day 💰💰💰
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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
Related publications
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.