🔔🔔🔔Gold news:
👉Trump's continued imposition of auto tariffs is escalating the trade war, with industry experts predicting higher prices and disruptions in production. Auto manufacturers' stocks declined in after-hours trading, yet the overall market trend remained strong this morning.
👉Gold prices regained positive momentum on Thursday as rising trade tensions boosted demand for safe-haven assets. A slight pullback in the USD from multi-week highs and expectations of Fed rate cuts also supported the XAU/USD pair.
👉Moreover, concerns over a potential U.S. economic slowdown resurfaced as traders assessed the impact of Trump's tariffs, diminishing the traditional reserve value of gold at the expense of the U.S. dollar.
Personal opinion:
👉Gold has regained its main bullish momentum after fresh impetus from Trump. Technical pullbacks are good times to buy gold at good prices. Consider technical support zones for the best returns.
👉Analysis based on important resistance - support levels and Fibonacci combined with SMA to come up with a suitable strategy.
Resistance zone: 3039 - 3045 - 3058
Support zone: 3020 - 3013 - 3000
Plan:
🔆Price Zone Setup:
👉Sell Gold 3045- 3047 (Scalping)
❌SL: 3051 | ✅TP: 3042 - 3039 - 3035
👉Sell Gold 3056- 3058
❌SL: 3063 | ✅TP: 3051 - 3045 - 3040
👉Buy Gold 3020 - 3022
❌SL: 2915 | ✅TP: 3027 – 3034 – 3040
FM wishes you a successful trading day 💰💰💰
👉Trump's continued imposition of auto tariffs is escalating the trade war, with industry experts predicting higher prices and disruptions in production. Auto manufacturers' stocks declined in after-hours trading, yet the overall market trend remained strong this morning.
👉Gold prices regained positive momentum on Thursday as rising trade tensions boosted demand for safe-haven assets. A slight pullback in the USD from multi-week highs and expectations of Fed rate cuts also supported the XAU/USD pair.
👉Moreover, concerns over a potential U.S. economic slowdown resurfaced as traders assessed the impact of Trump's tariffs, diminishing the traditional reserve value of gold at the expense of the U.S. dollar.
Personal opinion:
👉Gold has regained its main bullish momentum after fresh impetus from Trump. Technical pullbacks are good times to buy gold at good prices. Consider technical support zones for the best returns.
👉Analysis based on important resistance - support levels and Fibonacci combined with SMA to come up with a suitable strategy.
Resistance zone: 3039 - 3045 - 3058
Support zone: 3020 - 3013 - 3000
Plan:
🔆Price Zone Setup:
👉Sell Gold 3045- 3047 (Scalping)
❌SL: 3051 | ✅TP: 3042 - 3039 - 3035
👉Sell Gold 3056- 3058
❌SL: 3063 | ✅TP: 3051 - 3045 - 3040
👉Buy Gold 3020 - 3022
❌SL: 2915 | ✅TP: 3027 – 3034 – 3040
FM wishes you a successful trading day 💰💰💰
Trade active
check goldHIt + 220 pips from sell 3056
congratulation
Great sell
Trade closed: target reached
Initial Target AchievedBuying Power Is Overwhelming Due to Trump's Latest Tariff News
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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.