🔔🔔🔔Gold news:
➡️Gold prices have surged past $3,000, reaching record highs early Tuesday as geopolitical tensions in the Middle East escalate. Israel has resumed military operations in Gaza after Hamas rejected US-backed ceasefire proposals. Additionally, growing friction between the US and Iran is further fueling demand for gold as a safe-haven asset.
Personal opinion:
➡️There are too many drivers to push the gold price up from economics - politics - war. Therefore, the uptrend is almost certain to continue
➡️However, there will be a slight pullback, because:
🔆 DXY's RSI (1D) is entering the oversold zone and showing signs of slight convergence, so this will be a sign for DXY to rebound
🔆XAU/USD's RSI (1H) is also entering the overbought zone and showing signs of divergence, so gold may decline in the short term.
Analysis:
➡️ Based on important resistance - support and Fibonacci levels combined with Pivot points to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 3021- 3023 (European session)
❌SL: 3028 | ✅TP: 3017 – 3012 – 3007
👉Sell Gold 3033- 3035
❌SL: 3038 | ✅TP: 3028 – 3023 – 3018
👉Buy Gold 3001- 3003
❌SL: 2997 | ✅TP: 3008 – 3013 – 3018
FM wishes you a successful trading day 💰💰💰
➡️Gold prices have surged past $3,000, reaching record highs early Tuesday as geopolitical tensions in the Middle East escalate. Israel has resumed military operations in Gaza after Hamas rejected US-backed ceasefire proposals. Additionally, growing friction between the US and Iran is further fueling demand for gold as a safe-haven asset.
Personal opinion:
➡️There are too many drivers to push the gold price up from economics - politics - war. Therefore, the uptrend is almost certain to continue
➡️However, there will be a slight pullback, because:
🔆 DXY's RSI (1D) is entering the oversold zone and showing signs of slight convergence, so this will be a sign for DXY to rebound
🔆XAU/USD's RSI (1H) is also entering the overbought zone and showing signs of divergence, so gold may decline in the short term.
Analysis:
➡️ Based on important resistance - support and Fibonacci levels combined with Pivot points to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 3021- 3023 (European session)
❌SL: 3028 | ✅TP: 3017 – 3012 – 3007
👉Sell Gold 3033- 3035
❌SL: 3038 | ✅TP: 3028 – 3023 – 3018
👉Buy Gold 3001- 3003
❌SL: 2997 | ✅TP: 3008 – 3013 – 3018
FM wishes you a successful trading day 💰💰💰
Trade active
SL 3028 and crashed hard to 3018. so unfortunate 🙏🙏🙏Trade closed: target reached
gold fomo and keep making new ATH
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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.