🔔🔔🔔Gold news:
👉Amid Trump's protectionist policies, market concerns over a potential US recession persist, raising expectations that the Federal Reserve (Fed) may opt for interest rate cuts this year. This outlook continues to exert downward pressure on the US Dollar (USD) and US Treasury bond yields, helping to support Gold prices.
👉During a Fox News interview on Sunday, President Trump referred to a "period of transition" but refrained from predicting whether his tariff policies could trigger a recession, adding to market uncertainty. He also mentioned that the administration is considering various aspects of tariffs on Russia.
👉Nevertheless, Gold prices might face challenges if the US-Ukraine Summit in Saudi Arabia on Tuesday results in a bilateral minerals agreement, potentially paving the way for an end to the Ukraine-Russia conflict.
👉Tensions remain high ahead of the peace talks, especially after a heated argument between Ukrainian President Volodymyr Zelenskyy and Trump during a February 28 Oval Office meeting, which ultimately led to the US halting all military aid to Ukraine.
Personal opinion:
👉Gold price will continue to increase in the upcoming European and American sessions
👉Currently, RSI (15m) is entering the overbought zone and showing signs of a slight decrease. However, this could be a retracement of the trend line after the Break and continue to gain momentum. Consider the 2,900 area to buy at the best price
Analysis:
👉Based on important resistance - support levels and Fibonacci combined with the trend line to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 2,897 - 2,900
❌SL: 2,894 | ✅TP: 2,905 - 2,910 - 2,915
👉Sell Gold 2,911 - 2,913 (European session)
❌SL: 2,916 | ✅TP: 2,906 – 2,901 – 2,895
👉Sell Gold 2,928 – 2,930
❌SL: 2,935 | ✅TP: 2,922 – 2,917 – 2,910
FM wishes you a successful trading day 💰💰💰
👉Amid Trump's protectionist policies, market concerns over a potential US recession persist, raising expectations that the Federal Reserve (Fed) may opt for interest rate cuts this year. This outlook continues to exert downward pressure on the US Dollar (USD) and US Treasury bond yields, helping to support Gold prices.
👉During a Fox News interview on Sunday, President Trump referred to a "period of transition" but refrained from predicting whether his tariff policies could trigger a recession, adding to market uncertainty. He also mentioned that the administration is considering various aspects of tariffs on Russia.
👉Nevertheless, Gold prices might face challenges if the US-Ukraine Summit in Saudi Arabia on Tuesday results in a bilateral minerals agreement, potentially paving the way for an end to the Ukraine-Russia conflict.
👉Tensions remain high ahead of the peace talks, especially after a heated argument between Ukrainian President Volodymyr Zelenskyy and Trump during a February 28 Oval Office meeting, which ultimately led to the US halting all military aid to Ukraine.
Personal opinion:
👉Gold price will continue to increase in the upcoming European and American sessions
👉Currently, RSI (15m) is entering the overbought zone and showing signs of a slight decrease. However, this could be a retracement of the trend line after the Break and continue to gain momentum. Consider the 2,900 area to buy at the best price
Analysis:
👉Based on important resistance - support levels and Fibonacci combined with the trend line to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 2,897 - 2,900
❌SL: 2,894 | ✅TP: 2,905 - 2,910 - 2,915
👉Sell Gold 2,911 - 2,913 (European session)
❌SL: 2,916 | ✅TP: 2,906 – 2,901 – 2,895
👉Sell Gold 2,928 – 2,930
❌SL: 2,935 | ✅TP: 2,922 – 2,917 – 2,910
FM wishes you a successful trading day 💰💰💰
Note
HIt + 40 pips from 2898, Congratulation
Note
HIt + 80 pips from Buy 2898, so fast Trade active
European session touched 2911 then fell as planned by FMwhoever followed FM's plan got 20 more pips profit
Trade closed: target reached
Achieve your initial goal, enjoy the profit if you follow FM's plan
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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
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.