💲Gold information:
During the Asian session on Tuesday, the price of gold (XAU/USD) found support near $2,880, attracting bargain hunters and recovering partially from the previous day's drop to a one-week low. At the beginning of the week, the price of gold was sideways near 2910, and the H1 framework showed a head and shoulders pattern, with a downward trend.
Due to the uncertainty of US President Donald Trump's trade policy and its potential impact on the global economy, investor sentiment remains cautious. The general risk aversion, coupled with geopolitical tensions, continues to stimulate demand for safe-haven metals.
In the day, the first focus of gold prices is the resistance of the 2890-2900 area. This area is the low point area of the previous volatile market. Now that it has broken, it is necessary to pay attention to the resistance formed by the top and bottom conversion. Secondly, pay attention to the resistance level near 2915, which is both the starting point of yesterday's European session decline and the starting point of the decline after the rebound. Below, pay attention to the support strength near yesterday's low of 2880. In terms of intraday operations, short selling on rebound is still the main method. Long orders will be considered around 2860 for the time being.
💢Set gold price
🔥Buy gold area: $2928 - $2930 SL $2935
During the Asian session on Tuesday, the price of gold (XAU/USD) found support near $2,880, attracting bargain hunters and recovering partially from the previous day's drop to a one-week low. At the beginning of the week, the price of gold was sideways near 2910, and the H1 framework showed a head and shoulders pattern, with a downward trend.
Due to the uncertainty of US President Donald Trump's trade policy and its potential impact on the global economy, investor sentiment remains cautious. The general risk aversion, coupled with geopolitical tensions, continues to stimulate demand for safe-haven metals.
In the day, the first focus of gold prices is the resistance of the 2890-2900 area. This area is the low point area of the previous volatile market. Now that it has broken, it is necessary to pay attention to the resistance formed by the top and bottom conversion. Secondly, pay attention to the resistance level near 2915, which is both the starting point of yesterday's European session decline and the starting point of the decline after the rebound. Below, pay attention to the support strength near yesterday's low of 2880. In terms of intraday operations, short selling on rebound is still the main method. Long orders will be considered around 2860 for the time being.
💢Set gold price
🔥Buy gold area: $2928 - $2930 SL $2935
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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.
Strive for weekly trading profit: $40000, are you interested in joining this goal? Free signals in Telegram:
t.me/+alDpuIRD9vU4MWQx
t.me/+alDpuIRD9vU4MWQx
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.