🔔🔔🔔Gold news:
➡️ Gold extended its daily decline and traded deep in negative territory around the $3,300 level in the latter half of Tuesday. Improved risk sentiment and renewed strength in the U.S. Dollar kept XAU/USD under downward pressure.
➡️ Demand for safe-haven assets like gold weakened amid signs that the White House might be making progress in trade talks with some partners. Gold-backed exchange-traded funds (ETFs) have seen five consecutive weeks of outflows since peaking in mid-April, marking their highest level in over a year.
➡️ The market remains in a wait-and-see mode, weighing several risks including the growing U.S. budget deficit, ongoing trade negotiations, and escalating conflicts in the Middle East and Ukraine.
Personal opinion:
➡️ Positive trade negotiations and good economic data are supporting the USD, putting downward pressure on Gold. Therefore, the gold price will maintain a slight decrease in the coming time.
➡️ Analysis based on important support resistance levels and Fibonacci combined with SMA to come up with a suitable strategy.
Personal plan:
🔆Price Zone Setup:
👉Sell Gold 3323- 3326
❌SL: 3330 ✅TP: 3319- 3314- 3309
👉Buy Gold 3279 - 3281 (Scalping)
❌SL: 3275 | ✅TP: 3285 – 3290
FM wishes you a successful trading day 💰💰💰
➡️ Gold extended its daily decline and traded deep in negative territory around the $3,300 level in the latter half of Tuesday. Improved risk sentiment and renewed strength in the U.S. Dollar kept XAU/USD under downward pressure.
➡️ Demand for safe-haven assets like gold weakened amid signs that the White House might be making progress in trade talks with some partners. Gold-backed exchange-traded funds (ETFs) have seen five consecutive weeks of outflows since peaking in mid-April, marking their highest level in over a year.
➡️ The market remains in a wait-and-see mode, weighing several risks including the growing U.S. budget deficit, ongoing trade negotiations, and escalating conflicts in the Middle East and Ukraine.
Personal opinion:
➡️ Positive trade negotiations and good economic data are supporting the USD, putting downward pressure on Gold. Therefore, the gold price will maintain a slight decrease in the coming time.
➡️ Analysis based on important support resistance levels and Fibonacci combined with SMA to come up with a suitable strategy.
Personal plan:
🔆Price Zone Setup:
👉Sell Gold 3323- 3326
❌SL: 3330 ✅TP: 3319- 3314- 3309
👉Buy Gold 3279 - 3281 (Scalping)
❌SL: 3275 | ✅TP: 3285 – 3290
FM wishes you a successful trading day 💰💰💰
Trade active
The trend is still moving pretty much as planned.Look at strong support areas to make your profit
Trade closed: target reached
Personal Plan:
Maximum Profit 360 pips
Precise Plan
Great
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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.