Gold prices continued to fall below $2,700 during the Asian session on Monday. Among the factors driving the decline were higher US Treasury yields, easing tensions between Israel and Gaza, and the market awaiting the inauguration of US President Donald Trump.
Investors are waiting for President Trump to issue the first order on the US President's diamond so they can make specific investments.
Technically:
Determined based on the H4 time frame and following the trend line as follows:
Resistance: $2724, $2748
Support: $2660, $2635
Price Zone Setup:
👉 Buy XAU 2686-2684 (Asia-Europe Session)
❌SL: 2679 | ✅TP: 2691 - 2698 – 2710
👉 Buy XAU 2662-2660
❌SL: 2654 | ✅TP: 2668 - 2674 – 2780
👉SELL XAU 2748-2750
❌SL: 2755 | ✅TP: 2742 - 2737 - 2730
Thank you for reading my comment: "FM"
Investors are waiting for President Trump to issue the first order on the US President's diamond so they can make specific investments.
Technically:
Determined based on the H4 time frame and following the trend line as follows:
Resistance: $2724, $2748
Support: $2660, $2635
Price Zone Setup:
👉 Buy XAU 2686-2684 (Asia-Europe Session)
❌SL: 2679 | ✅TP: 2691 - 2698 – 2710
👉 Buy XAU 2662-2660
❌SL: 2654 | ✅TP: 2668 - 2674 – 2780
👉SELL XAU 2748-2750
❌SL: 2755 | ✅TP: 2742 - 2737 - 2730
Thank you for reading my comment: "FM"
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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
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.