🔔🔔🔔Gold news:
➡️ Gold reversed its Thursday recovery and slipped to around $3,300 per ounce by the weekend as market sentiment continued to improve, driven by optimism over positive developments in the U.S.-China trade dispute. U.S. Treasury Secretary Scott Bessent stated that the United States and South Korea could reach a "mutual understanding" on trade as early as next week, according to Bloomberg. The growing number of headlines suggesting potential trade agreements is adding downward pressure on gold prices.
Personal opinion:
➡️ Positive trade agreements are emerging, and the market is gradually pricing in positive news, causing gold to continue to decline early next week
➡️ Note: The trade war remains the focus and any negative news could affect gold prices and cause the upward trend to resume.
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Resistance zone: 3370 - 3433 - 3500
Support zone: 3270 - 3253 - 3145
FM wishes you a successful trading week💰💰💰
➡️ Gold reversed its Thursday recovery and slipped to around $3,300 per ounce by the weekend as market sentiment continued to improve, driven by optimism over positive developments in the U.S.-China trade dispute. U.S. Treasury Secretary Scott Bessent stated that the United States and South Korea could reach a "mutual understanding" on trade as early as next week, according to Bloomberg. The growing number of headlines suggesting potential trade agreements is adding downward pressure on gold prices.
Personal opinion:
➡️ Positive trade agreements are emerging, and the market is gradually pricing in positive news, causing gold to continue to decline early next week
➡️ Note: The trade war remains the focus and any negative news could affect gold prices and cause the upward trend to resume.
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Resistance zone: 3370 - 3433 - 3500
Support zone: 3270 - 3253 - 3145
FM wishes you a successful trading week💰💰💰
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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.