🔔🔔🔔Golds news:
👉The price of gold (XAU/USD) continues to decline, trading near $3,025 during the early Asian session on Monday. The metal pulls back after reaching a record high on Thursday, driven by optimism over a potential Ukraine peace agreement. However, expectations of interest rate cuts from the Federal Reserve (Fed) and persistent economic uncertainty could further limit losses for gold.
👉On Sunday, officials from Ukraine and the United States met in Riyadh, Saudi Arabia, to renew efforts to end the three-year conflict, as President Donald Trump advocates for a ceasefire. Ukrainian Defense Minister Rustem Umerov described the weekend discussions as “productive and focused.”
👉Meanwhile, US and Russian representatives are set to hold separate negotiations on Monday. Hopes for a ceasefire between Russia and Ukraine reduce demand for gold, which is traditionally considered a safe-haven asset.
Personal analysis:
👉In the long term, the uptrend will still continue. However, in the short term, the sellers are in control as the buyers take profits as the gold price continues to rise and wait for a strong enough momentum to push the market
👉Technically, the daily RSI is falling and there is no sign of a reversal, further consolidating the strong sellers
👉Analysis based on important resistance - support levels and Fibonacci combined with SMA to come up with a suitable strategy
Resistance zone: 3033 - 3046 - 3057
Support zone: 3015 - 3000 - 2995 - 2984
Plan:
🔆Price Zone Setup:
👉Sell Gold 3057- 3059
❌SL: 3063 | ✅TP: 3052 – 3047 – 3040
👉Sell Gold 3031- 3033 (Scalping)
❌SL: 3038 | ✅TP: 3027 – 3022 – 3016
👉Buy Gold 3000- 3003 (Scalping)
❌SL: 2995 | ✅TP: 3007 – 3011 – 3015
👉Buy Gold 2982- 2984
❌SL: 2977 | ✅TP: 2989 – 2994 – 3000
FM wishes you a successful trading day 💰💰💰
👉The price of gold (XAU/USD) continues to decline, trading near $3,025 during the early Asian session on Monday. The metal pulls back after reaching a record high on Thursday, driven by optimism over a potential Ukraine peace agreement. However, expectations of interest rate cuts from the Federal Reserve (Fed) and persistent economic uncertainty could further limit losses for gold.
👉On Sunday, officials from Ukraine and the United States met in Riyadh, Saudi Arabia, to renew efforts to end the three-year conflict, as President Donald Trump advocates for a ceasefire. Ukrainian Defense Minister Rustem Umerov described the weekend discussions as “productive and focused.”
👉Meanwhile, US and Russian representatives are set to hold separate negotiations on Monday. Hopes for a ceasefire between Russia and Ukraine reduce demand for gold, which is traditionally considered a safe-haven asset.
Personal analysis:
👉In the long term, the uptrend will still continue. However, in the short term, the sellers are in control as the buyers take profits as the gold price continues to rise and wait for a strong enough momentum to push the market
👉Technically, the daily RSI is falling and there is no sign of a reversal, further consolidating the strong sellers
👉Analysis based on important resistance - support levels and Fibonacci combined with SMA to come up with a suitable strategy
Resistance zone: 3033 - 3046 - 3057
Support zone: 3015 - 3000 - 2995 - 2984
Plan:
🔆Price Zone Setup:
👉Sell Gold 3057- 3059
❌SL: 3063 | ✅TP: 3052 – 3047 – 3040
👉Sell Gold 3031- 3033 (Scalping)
❌SL: 3038 | ✅TP: 3027 – 3022 – 3016
👉Buy Gold 3000- 3003 (Scalping)
❌SL: 2995 | ✅TP: 3007 – 3011 – 3015
👉Buy Gold 2982- 2984
❌SL: 2977 | ✅TP: 2989 – 2994 – 3000
FM wishes you a successful trading day 💰💰💰
Trade active
Check gold Hit 85 pips from sell 3031
congratulation
Profit for everyone
The plan is still on track.
Trade closed: target reached
Round 2Hit + 140 pips from sell 3033
Great sell
congratulation
Note
HIt + 170 pips Complete all objectives
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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.