Gold Spot / U.S. Dollar
Short
Updated

Short-term downtrend has formed

214
🔔🔔🔔Gold news:

➡️ The US dollar continues to rebound following recent remarks from President Donald Trump, who stated that he has "potential" trade agreements with India, South Korea, and Japan, and expressed high confidence in reaching a deal with China.

➡️ Meanwhile, gold prices have been declining for the third consecutive day as of early Thursday, nearing a two-week low. Trade-related headlines have once again overshadowed US economic data, significantly impacting the traditional safe-haven appeal of gold.

Personal opinion:

➡️ Negative US fundamentals cannot help gold rise after positive signals from the trade war are still the decisive factor. Gold has broken the 3265 zone and turned into a short-term downtrend.

➡️ Analysis based on important resistance - support and Fibonacci levels combined with RSI to come up with a suitable strategy

Personal plan:

🔆Price Zone Setup:
👉Buy Gold 3191 - 3194
❌SL: 3186 | ✅TP: 3199 - 3205 – 3210

👉Sell Gold 3262 - 3265
❌SL: 3270 | ✅TP: 3257 - 3251 – 3245

FM wishes you a successful trading day 💰💰💰
Trade active
The plan is on track and is approaching personal plan Sell FM's 3265-3262 zone
Trade closed: target reached
snapshot
Hit +160 pips from sell zone 3262 - 3265
personal plan has made big profit

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