🔔🔔🔔Gold news:
👉 Gold prices surged to a new all-time high above $3,070 during Asian trading on Friday as escalating global trade tensions, uncertainty over Trump's reciprocal tariffs, and risk-off sentiment continued to drive safe-haven demand. Expectations that the Federal Reserve may soon resume its rate-cutting cycle further supported bullion.
👉 Despite recent economic data indicating the U.S. economy remains strong, concerns over tariffs overshadowed optimism, leading to a decline in the U.S. dollar and Treasury yields while pushing gold prices higher.
Personal opinion:
👉 Gold continued to rally strongly during the Asian session. Currently, buyers are taking profits and there is a possibility that prices will decline.
👉RSI entered the overbought zone and showed signs of divergence, further increasing this possibility. Therefore, waiting for prices to decline and buying at a profit is a positive decision. Limit selling at this time because it is very risky. The target of 3100 is not far away and will be achieved soon in the near future.
👉 Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy.
Resistance zone: 3078 - 3100
Support zone: 3047 - 3060
Plan:
🔆Price Zone Setup:
👉Buy Gold 3059- 3062 ( Scalping)
❌SL: 3054 | ✅TP: 3067 - 3075 - 3082
👉Buy Gold 3045- 3047
❌SL: 3040 | ✅TP: 3052 - 3057 - 3065
👉Sell Gold 3100 - 3097
❌SL: 3104 | ✅TP: 3094 – 3088 – 3080
FM wishes you a successful trading day 💰💰💰
👉 Gold prices surged to a new all-time high above $3,070 during Asian trading on Friday as escalating global trade tensions, uncertainty over Trump's reciprocal tariffs, and risk-off sentiment continued to drive safe-haven demand. Expectations that the Federal Reserve may soon resume its rate-cutting cycle further supported bullion.
👉 Despite recent economic data indicating the U.S. economy remains strong, concerns over tariffs overshadowed optimism, leading to a decline in the U.S. dollar and Treasury yields while pushing gold prices higher.
Personal opinion:
👉 Gold continued to rally strongly during the Asian session. Currently, buyers are taking profits and there is a possibility that prices will decline.
👉RSI entered the overbought zone and showed signs of divergence, further increasing this possibility. Therefore, waiting for prices to decline and buying at a profit is a positive decision. Limit selling at this time because it is very risky. The target of 3100 is not far away and will be achieved soon in the near future.
👉 Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy.
Resistance zone: 3078 - 3100
Support zone: 3047 - 3060
Plan:
🔆Price Zone Setup:
👉Buy Gold 3059- 3062 ( Scalping)
❌SL: 3054 | ✅TP: 3067 - 3075 - 3082
👉Buy Gold 3045- 3047
❌SL: 3040 | ✅TP: 3052 - 3057 - 3065
👉Sell Gold 3100 - 3097
❌SL: 3104 | ✅TP: 3094 – 3088 – 3080
FM wishes you a successful trading day 💰💰💰
Trade active
Gold is moving sideways in the 3067 - 3087 range this weekend - unlikely to break out to new ATHTrade closed: target reached
check gold Hit + 210 pips from sell 3098
congratulation
profit for you
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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.