🔔🔔🔔 Gold news:
➡️ Gold prices are holding modest gains heading into the European session, though bullish conviction remains lacking, and the metal continues to trade below the key $3,265–$3,2703 support-turned-resistance zone. Meanwhile, the US dollar has come under some selling pressure, snapping a three-day winning streak after hitting a three-week high.
➡️ A mix of factors is discouraging traders from making aggressive bullish bets, thereby capping further upside in the precious metal. Investors remain hopeful for easing trade tensions between the United States and China—the world’s two largest economies. This optimism supports a broader risk-on sentiment, which in turn undermines demand for safe-haven assets like gold.
Personal opinion:
➡️ The 3265–3273 zone is a strong resistance zone for gold. A break above this zone would mean the end of the short-term downtrend and vice versa. Therefore, buyers and sellers will be aggressive to secure this zone. Today's US NF news will be a strong driving force for gold prices before the tariff information appears and covers the market.
➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3202- 3205
❌SL: 3198 | ✅TP: 3210 - 3215 – 3220
👉Sell Gold 3270 - 3272
❌SL: 3276 | ✅TP: 3266 - 3261 – 3255
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices are holding modest gains heading into the European session, though bullish conviction remains lacking, and the metal continues to trade below the key $3,265–$3,2703 support-turned-resistance zone. Meanwhile, the US dollar has come under some selling pressure, snapping a three-day winning streak after hitting a three-week high.
➡️ A mix of factors is discouraging traders from making aggressive bullish bets, thereby capping further upside in the precious metal. Investors remain hopeful for easing trade tensions between the United States and China—the world’s two largest economies. This optimism supports a broader risk-on sentiment, which in turn undermines demand for safe-haven assets like gold.
Personal opinion:
➡️ The 3265–3273 zone is a strong resistance zone for gold. A break above this zone would mean the end of the short-term downtrend and vice versa. Therefore, buyers and sellers will be aggressive to secure this zone. Today's US NF news will be a strong driving force for gold prices before the tariff information appears and covers the market.
➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3202- 3205
❌SL: 3198 | ✅TP: 3210 - 3215 – 3220
👉Sell Gold 3270 - 3272
❌SL: 3276 | ✅TP: 3266 - 3261 – 3255
FM wishes you a successful trading day 💰💰💰
Trade active
personal plan:gold touched 3269.5 and dropped sharply to 3225
missed 5 pips to enter Buy order 3270. What a pity
missed a big profit
Trade closed: target reached
Gold moves as plannedStrong US data and trade optimism created a mild recovery in the Greenback combined with a significant recovery in US bonds across different maturities putting gold on the back foot.
personal opinion: gold will continue to maintain this momentum early next week and retest the 3200
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
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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.