🔔🔔🔔Gold news:
👉Gold prices surged to a new record high of $3,056 on Thursday as Federal Reserve Chair Jerome Powell spoke following the Fed's decision to keep interest rates unchanged. The Fed maintains rates at 4.25%-4.50% and announced adjustments to its balance sheet, expected to resume in April. While accelerating that labor market conditions remain solid, the Fed noted that inflation is still "somewhat" elevated and reaffirmed its commitment to monitoring risks on both sides of its dual mandate.
👉Meanwhile, the U.S. economy is projected to slow below the 2% threshold, indicating increased vulnerability amid President Donald Trump’s trade policies.
👉After the central bank's decision, Powell addressed the public, stating that "uncertainty surrounding the economic outlook has risen" and adding that some tariff-related inflation has been passed on to consumers. He emphasized that "our current policy stance is well-positioned to address the risks and uncertainties we are facing."
Personal analysis:
👉There is too much news supporting the uptrend of gold, so consider buying rather than selling.
👉XAU/USD RSI is showing signs of divergence after entering the extreme overbought zone, so wait for a technical pullback and buy at a cheaper price
👉EMA34(1H) is doing well its support level and this is a strong support level
👉Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Resistance zone: 3056 - 3070
Support zone: 3037 - 3025 - 3000
Plan:
🔆Price Zone Setup:
👉Sell Gold 3068- 3070
❌SL: 3075 | ✅TP: 3063 – 3058 – 3050
👉Sell Gold 3057- 3055 (Scalping)
❌SL: 3060 | ✅TP: 3052 – 3049 – 3045
👉Buy Gold 3037- 3039
❌SL: 3032 | ✅TP: 3044 – 3049 – 3055
FM wishes you a successful trading day 💰💰💰
👉Gold prices surged to a new record high of $3,056 on Thursday as Federal Reserve Chair Jerome Powell spoke following the Fed's decision to keep interest rates unchanged. The Fed maintains rates at 4.25%-4.50% and announced adjustments to its balance sheet, expected to resume in April. While accelerating that labor market conditions remain solid, the Fed noted that inflation is still "somewhat" elevated and reaffirmed its commitment to monitoring risks on both sides of its dual mandate.
👉Meanwhile, the U.S. economy is projected to slow below the 2% threshold, indicating increased vulnerability amid President Donald Trump’s trade policies.
👉After the central bank's decision, Powell addressed the public, stating that "uncertainty surrounding the economic outlook has risen" and adding that some tariff-related inflation has been passed on to consumers. He emphasized that "our current policy stance is well-positioned to address the risks and uncertainties we are facing."
Personal analysis:
👉There is too much news supporting the uptrend of gold, so consider buying rather than selling.
👉XAU/USD RSI is showing signs of divergence after entering the extreme overbought zone, so wait for a technical pullback and buy at a cheaper price
👉EMA34(1H) is doing well its support level and this is a strong support level
👉Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Resistance zone: 3056 - 3070
Support zone: 3037 - 3025 - 3000
Plan:
🔆Price Zone Setup:
👉Sell Gold 3068- 3070
❌SL: 3075 | ✅TP: 3063 – 3058 – 3050
👉Sell Gold 3057- 3055 (Scalping)
❌SL: 3060 | ✅TP: 3052 – 3049 – 3045
👉Buy Gold 3037- 3039
❌SL: 3032 | ✅TP: 3044 – 3049 – 3055
FM wishes you a successful trading day 💰💰💰
Note
Check goldHIt + 55 pips from 3057
Congratulatin
Trade active
Hit + 100 pips from 3057Great Sell
Congratulation
Note
Full All TP HIt + 120 pips from 3057
Note
Check gold HIt + 25 pips from Buy 3039
Trade closed: target reached
Check gold Hit +35 pips from buy 3039
Buy and sell both have profit
successful plan
congratulations!
Note
Hit + 70 pips from buy 2039Great buy
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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.