🔔🔔🔔 Gold news:
➡️ Demand for the U.S. dollar (USD) remains strong this week, driven most recently by the cautious tone of the Federal Reserve’s May policy meeting minutes and a U.S. federal court ruling blocking former President Donald Trump’s “Liberation Day” tariffs.
➡️ The court considered such tariffs illegal, stating that Trump relied on the authority to impose sweeping duties on imports from countries that sell more to the U.S. than they bought
➡️ Meanwhile, the Fed minutes noted that “participants agreed that uncertainty about the economic outlook had increased further, warranting a cautious approach until the net economic effects of numerous changes in government policy become clearer.”
Personal opinion:
➡️ The upward momentum in USD price has not stopped yet, Variations of the head and shoulders model have formed and gold prices will be affected by a decrease in the near future.
➡️ Analyze based on support resistance levels and price action to come up with suitable strategies
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3233 - 3236
❌SL: 3229 | ✅TP: 3240 - 3245 – 3250
👉Sell Gold 3287 - 3290
❌SL: 3294 | ✅TP: 3283 - 3278 – 3270
FM wishes you a successful trading day 💰💰💰
➡️ Demand for the U.S. dollar (USD) remains strong this week, driven most recently by the cautious tone of the Federal Reserve’s May policy meeting minutes and a U.S. federal court ruling blocking former President Donald Trump’s “Liberation Day” tariffs.
➡️ The court considered such tariffs illegal, stating that Trump relied on the authority to impose sweeping duties on imports from countries that sell more to the U.S. than they bought
➡️ Meanwhile, the Fed minutes noted that “participants agreed that uncertainty about the economic outlook had increased further, warranting a cautious approach until the net economic effects of numerous changes in government policy become clearer.”
Personal opinion:
➡️ The upward momentum in USD price has not stopped yet, Variations of the head and shoulders model have formed and gold prices will be affected by a decrease in the near future.
➡️ Analyze based on support resistance levels and price action to come up with suitable strategies
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3233 - 3236
❌SL: 3229 | ✅TP: 3240 - 3245 – 3250
👉Sell Gold 3287 - 3290
❌SL: 3294 | ✅TP: 3283 - 3278 – 3270
FM wishes you a successful trading day 💰💰💰
Trade active
personal plan
hit +130 pips from sell 3279
setup successful
✅ 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.