📌 Driving Events
Gold prices fell about 0.48% on Thursday, retreating from a two-week high of $3,345 and falling below the key $3,300 level. Although U.S. Treasury yields retreated from intraday highs, the renewed strength of the U.S. dollar still pushed gold prices down. The pressure on gold intensified after the U.S. House of Representatives passed President Trump's budget proposal, which is now submitted to the Senate for final approval. At the time of writing, XAU/USD was trading at $3,289, down 0.83% on the day. Although the market sentiment has rebounded slightly, it remains fragile after Moody's recently downgraded the U.S. sovereign debt rating. The fiscal package approved by the House of Representatives is expected to increase the national debt ceiling by a staggering $4 trillion, which has exacerbated concerns about long-term fiscal sustainability.
📊Comment Analysis
Gold is now facing strong resistance and buying power is weakening.
💰Strategy Package
🔥Sell Gold Zone: 3365- 3370 SL 3375
TP1: $3350
TP2: $3335
TP3: $3320
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
I share various trading signals every day, and real-time signals will be pushed flexibly according to market dynamics. Followers who follow me can get high returns every day. If you want stable returns, you can contact me
t.me/+arTT14Fe44tkMzAx
t.me/+arTT14Fe44tkMzAx
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.
I share various trading signals every day, and real-time signals will be pushed flexibly according to market dynamics. Followers who follow me can get high returns every day. If you want stable returns, you can contact me
t.me/+arTT14Fe44tkMzAx
t.me/+arTT14Fe44tkMzAx
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.