🔔🔔🔔Gold news:
➡️ Gold prices remain confined to a range near multi-week lows reached on Monday amid mixed fundamental signals. The ongoing global trade war and growing fears of an economic recession have triggered a prolonged sell-off in stock markets worldwide. Additionally, rising expectations of more aggressive interest rate cuts by the Fed and a weaker US dollar have provided some support for bullion.
➡️ The global focus continues to revolve around US President Donald Trump’s trade war, and the recent calm appears to be only temporary. Market turbulence is expected to resume in the coming days as major economies are likely to announce countermeasures.
Personal opinion:
➡️ Gold still maintains its limited upward momentum today and awaits upcoming FOMC news. Potential uncertainties are still the main driving force for gold prices
➡️ Analysis based on resistance - support levels and pivot points combined with EMA and trend lines to come up with a suitable strategy
Resistance zone: 2978 - 2957
Support zone: 3033- 3056 - 3073
Plan:
🔆Price Zone Setup:
👉Sell Gold 3032- 3034 (Scalping)
❌SL: 3038 | ✅TP: 3028 - 3024 - 3020
👉Sell Gold 3058- 3056
❌SL: 3063| ✅TP: 3051 – 3046 – 3041
👉Buy Gold 2956- 2958
❌SL: 2950 | ✅TP: 2963 – 2968 – 2973
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices remain confined to a range near multi-week lows reached on Monday amid mixed fundamental signals. The ongoing global trade war and growing fears of an economic recession have triggered a prolonged sell-off in stock markets worldwide. Additionally, rising expectations of more aggressive interest rate cuts by the Fed and a weaker US dollar have provided some support for bullion.
➡️ The global focus continues to revolve around US President Donald Trump’s trade war, and the recent calm appears to be only temporary. Market turbulence is expected to resume in the coming days as major economies are likely to announce countermeasures.
Personal opinion:
➡️ Gold still maintains its limited upward momentum today and awaits upcoming FOMC news. Potential uncertainties are still the main driving force for gold prices
➡️ Analysis based on resistance - support levels and pivot points combined with EMA and trend lines to come up with a suitable strategy
Resistance zone: 2978 - 2957
Support zone: 3033- 3056 - 3073
Plan:
🔆Price Zone Setup:
👉Sell Gold 3032- 3034 (Scalping)
❌SL: 3038 | ✅TP: 3028 - 3024 - 3020
👉Sell Gold 3058- 3056
❌SL: 3063| ✅TP: 3051 – 3046 – 3041
👉Buy Gold 2956- 2958
❌SL: 2950 | ✅TP: 2963 – 2968 – 2973
FM wishes you a successful trading day 💰💰💰
Trade active
check gold Sell scalping 3033 ==> TP1: 3028. done. Hit + 50 pips
congratulation
Follow FM for more profit
Trade closed: target reached
achieve the original goal
✅ 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.
✅ 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.