🔔🔔🔔Gold news:
➡️ The US dollar (USD) continues to attract buying interest driven by short-covering and easing US-China trade tensions, maintaining downward pressure on gold prices denominated in USD, even as US Treasury yields and risk sentiment decline once again.
➡️ With trade tensions between the US and China subsiding, market focus is shifting back to US fundamentals and the Federal Reserve's interest rate outlook, which could potentially support gold prices in the coming days.
Personal opinion:
➡️ Gold continues to maintain a downtrend today, following positive trade negotiations between the US and related countries.
➡️ However, it is necessary to closely monitor the US-China trade negotiations. This is still the main focus of the market
➡️ Analysis based on resistance - support levels combined with Fibonacci and EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 3367 - 3370
❌SL: 3375 | ✅TP: 3362 - 3356 – 3350
👉Buy Gold 3244 - 3247
❌SL: 3240 | ✅TP: 3252 - 3258 – 3265
FM wishes you a successful trading day 💰💰💰
➡️ The US dollar (USD) continues to attract buying interest driven by short-covering and easing US-China trade tensions, maintaining downward pressure on gold prices denominated in USD, even as US Treasury yields and risk sentiment decline once again.
➡️ With trade tensions between the US and China subsiding, market focus is shifting back to US fundamentals and the Federal Reserve's interest rate outlook, which could potentially support gold prices in the coming days.
Personal opinion:
➡️ Gold continues to maintain a downtrend today, following positive trade negotiations between the US and related countries.
➡️ However, it is necessary to closely monitor the US-China trade negotiations. This is still the main focus of the market
➡️ Analysis based on resistance - support levels combined with Fibonacci and EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 3367 - 3370
❌SL: 3375 | ✅TP: 3362 - 3356 – 3350
👉Buy Gold 3244 - 3247
❌SL: 3240 | ✅TP: 3252 - 3258 – 3265
FM wishes you a successful trading day 💰💰💰
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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.