📌 Gold Information
Gold (XAU/USD) is recovering from recent losses, trading around $3,230 per troy ounce during Asian trading hours on Monday as investors seek safe haven assets amid growing concerns about the US economic outlook and fiscal sustainability. The rebound follows Moody's decision to downgrade the US credit rating by one notch, from Aaa to Aa1, citing growing debt and the burden of interest payments. This follows previous downgrades by Fitch and Standard & Poor's in 2023 and 2011, respectively. Moody's now forecasts that the US federal debt will surge to around 134% of GDP by 2035 from 98% in 2023, due to ballooning debt servicing costs, expanding entitlement programs, and shrinking tax revenues - all of which have heightened investor concerns and provided new support for gold prices.
📊Comment Analysis
Gold price fluctuated around 3200 at the beginning of the week. There was not much news and it continued to go sideways.
💰Strategy Package
⭐️Set gold price:
🔥Sell gold area: 3259-3261 SL 3266
TP1: $3250
TP2: $3240
TP3: $3230
🔥Buy gold area: $3192 - $3190 SL $3185
TP1: $3200
TP2: $3210
TP3: $3220
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
I share various trading signals every day, and real-time signals will be pushed flexibly according to market dynamics. Followers who follow me can get high returns every day. If you want stable returns, you can contact me
t.me/+arTT14Fe44tkMzAx
t.me/+arTT14Fe44tkMzAx
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.
I share various trading signals every day, and real-time signals will be pushed flexibly according to market dynamics. Followers who follow me can get high returns every day. If you want stable returns, you can contact me
t.me/+arTT14Fe44tkMzAx
t.me/+arTT14Fe44tkMzAx
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.