Gold Spot / U.S. Dollar
Short
Updated

Trump appeases public opinion - sellers prevail

284
🔔🔔🔔Gold news:

➡️ Gold prices declined as the Asian trading session began on Wednesday, influenced by former President Trump's remarks indicating he had no intention of dismissing Federal Reserve Chair Jerome Powell. Earlier, U.S. Treasury Secretary Scott Bessent revealed signs of easing tensions with China, which boosted market sentiment—an unfavorable factor for bullion prices.

Personal opinion:

➡️ Gold is showing a deep decline with no signs of stopping. President Trump's comments to calm the market have been effective

➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy

Plan:
🔆Price Zone Setup:

👉Buy Gold 3290 - 3293
❌SL: 3285 | ✅TP: 3297 - 3303 – 3310

👉Sell Gold 3390 - 3393
❌SL: 3397 | ✅TP: 3386 - 3380 – 33570

FM wishes you a successful trading day 💰💰💰
Trade active
Check gold
Hit + 110 pips from Buy 3210
Great Buy
Congratulation
Note
Hit+ 130 from Buy 3292
Note
Hit + 180 pips from Buy 3292
Great Buy
Trade closed: target reached
Plan is on track
Today's most important news Flash Manufacturing PMI is coming
Everyone pay attention to trading and consider FM's Sell plan (if any)

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