🔔🔔🔔Gold news:
➡️ Gold is struggling to build on the solid rebound seen the previous day from its lowest level in over a month, consolidating below the $3,250 mark during the Asian session amid optimism surrounding a U.S.-China trade deal. Meanwhile, signs of easing inflation in the U.S. and weaker consumer spending data have strengthened expectations for a Fed rate cut. This outlook has pushed U.S. Treasury yields lower and weakened the U.S. dollar, providing support for the non-yielding yellow metal.
Personal opinion:
➡️ When the information about the US-China trade negotiations has calmed down, gold found new momentum when the US economic data was not good, so in the short term, the gold price may maintain its upward momentum
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell Gold 3281 - 3278
❌SL: 3285 | ✅TP: 3272 - 3268 - 3263
👉Buy Gold 3203 - 3206
❌SL: 3199 | ✅TP: 3210 - 3214 - 3219
FM wishes you a successful trading day 💰💰💰
➡️ Gold is struggling to build on the solid rebound seen the previous day from its lowest level in over a month, consolidating below the $3,250 mark during the Asian session amid optimism surrounding a U.S.-China trade deal. Meanwhile, signs of easing inflation in the U.S. and weaker consumer spending data have strengthened expectations for a Fed rate cut. This outlook has pushed U.S. Treasury yields lower and weakened the U.S. dollar, providing support for the non-yielding yellow metal.
Personal opinion:
➡️ When the information about the US-China trade negotiations has calmed down, gold found new momentum when the US economic data was not good, so in the short term, the gold price may maintain its upward momentum
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell Gold 3281 - 3278
❌SL: 3285 | ✅TP: 3272 - 3268 - 3263
👉Buy Gold 3203 - 3206
❌SL: 3199 | ✅TP: 3210 - 3214 - 3219
FM wishes you a successful trading day 💰💰💰
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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.