🔔🔔🔔Gold news:
➡️ Major stock indexes plunged on Monday as U.S. President Donald Trump showed no signs of backing down from his sweeping tariff plans, prompting investors to bet that rising recession risks might force the Federal Reserve to cut interest rates as early as May.
➡️ Futures markets quickly priced in nearly five quarter-point rate cuts by the Fed this year, sending Treasury yields sharply lower and weakening the U.S. dollar despite its safe-haven appeal.
➡️ The market selloff intensified after Trump reporters told that investors would have to "take their medicine" and that he would not sign a trade deal with China until the U.S. trade deficit is addressed.
Personal opinion:
➡️ The trade war is taking place without mercy between the sides. This will be the driving force to make gold prices increase back to their main trend. And it seems that the deep correction has ended
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA to come up with a suitable strategy
Resistance zone: 3056 - 3076
Support zone: 3016 -2979
Plan:
🔆Price Zone Setup:
👉Sell Gold 3077 -3075
❌SL: 3083 | ✅TP: 3070 – 3085 – 3080
👉Buy Gold 3013 -3015
❌SL: 3008 | ✅TP: 3020 – 3025 – 3040
FM wishes you a successful trading day 💰💰💰
➡️ Major stock indexes plunged on Monday as U.S. President Donald Trump showed no signs of backing down from his sweeping tariff plans, prompting investors to bet that rising recession risks might force the Federal Reserve to cut interest rates as early as May.
➡️ Futures markets quickly priced in nearly five quarter-point rate cuts by the Fed this year, sending Treasury yields sharply lower and weakening the U.S. dollar despite its safe-haven appeal.
➡️ The market selloff intensified after Trump reporters told that investors would have to "take their medicine" and that he would not sign a trade deal with China until the U.S. trade deficit is addressed.
Personal opinion:
➡️ The trade war is taking place without mercy between the sides. This will be the driving force to make gold prices increase back to their main trend. And it seems that the deep correction has ended
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA to come up with a suitable strategy
Resistance zone: 3056 - 3076
Support zone: 3016 -2979
Plan:
🔆Price Zone Setup:
👉Sell Gold 3077 -3075
❌SL: 3083 | ✅TP: 3070 – 3085 – 3080
👉Buy Gold 3013 -3015
❌SL: 3008 | ✅TP: 3020 – 3025 – 3040
FM wishes you a successful trading day 💰💰💰
Trade active
check gold hit + 180 pips from Buy 3015
Big profit
congratulation
Trade closed: target reached
Selling pressure was too strong and dropped to the 2958 area and recovered to the 3000 area in the Asian trading session this morning
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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.