🔔🔔🔔Gold news:
➡️ Gold prices hit an all-time high of $3,219 during Friday’s Asian session, supported by a weaker U.S. dollar and escalating trade tensions between the United States and China, which boosted demand for traditional safe-haven assets. Meanwhile, expectations of a more dovish Federal Reserve also contributed to the rally. Earlier U.S. economic data released the same day weighed on the greenback, as inflationary pressures eased more than anticipated in March, according to the Consumer Price Index figures.
Personal opinion:
➡️ Fomo selling pressure is too strong, and it is very risky to sell now. So waiting for prices to fall to technical levels and buying is the most reasonable decision
➡️ Note: update the latest information on tariffs and the US-China trade war. This is the focus in the coming time
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 3174- 3176 (Scalping)
❌SL: 3169 | ✅TP: 3180 – 3185– 3190
👉Buy Gold 3156- 3158
❌SL: 3150| ✅TP: 3163 – 3170 – 3180
👉Sell Gold 3235- 3237 (Scalping)
❌SL: 3243| ✅TP: 3230 – 3225 – 3220
👉Sell Gold 3255- 3257
❌SL: 3262| ✅TP: 3250 – 3245 – 3240
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices hit an all-time high of $3,219 during Friday’s Asian session, supported by a weaker U.S. dollar and escalating trade tensions between the United States and China, which boosted demand for traditional safe-haven assets. Meanwhile, expectations of a more dovish Federal Reserve also contributed to the rally. Earlier U.S. economic data released the same day weighed on the greenback, as inflationary pressures eased more than anticipated in March, according to the Consumer Price Index figures.
Personal opinion:
➡️ Fomo selling pressure is too strong, and it is very risky to sell now. So waiting for prices to fall to technical levels and buying is the most reasonable decision
➡️ Note: update the latest information on tariffs and the US-China trade war. This is the focus in the coming time
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 3174- 3176 (Scalping)
❌SL: 3169 | ✅TP: 3180 – 3185– 3190
👉Buy Gold 3156- 3158
❌SL: 3150| ✅TP: 3163 – 3170 – 3180
👉Sell Gold 3235- 3237 (Scalping)
❌SL: 3243| ✅TP: 3230 – 3225 – 3220
👉Sell Gold 3255- 3257
❌SL: 3262| ✅TP: 3250 – 3245 – 3240
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.