💢💢💢Gold news:
➡️ Gold (XAU/USD) continues its upward trend during the first half of the European trading session on Monday, currently hovering near its all-time high just above $3,120. Uncertainty surrounding former U.S. President Donald Trump's so-called reciprocal tariffs, along with growing fears of a U.S. economic recession and geopolitical risks, continue to weigh on investor sentiment. The risk-off mood is evident in the generally weaker tone of the stock markets, driving the safe-haven precious metal higher for the third consecutive day.
➡️However, bullish traders may take a breather amid overbought conditions on the daily chart and ahead of key U.S. macroeconomic releases later this week.
Personal opinion:
➡️ In general, in the long term, the main trend of gold is still increasing and shows no signs of stopping. Therefore, waiting for the time when gold declines technically to buy at a good price is a reasonable measure
➡️ Currently, gold is having a technical adjustment after RSI entered the overbought zone and decreased again
➡️Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉 Buy XAU/USD 3100 - 3102
❌SL: 3095 | ✅TP: 3106 - 3112 - 3118
👉 Sell XAU/USD 3129 - 3132
❌SL: 3136 | ✅TP: 3125 - 3120 - 3115
FM wishes you a successful trading day 💰💰💰
➡️ Gold (XAU/USD) continues its upward trend during the first half of the European trading session on Monday, currently hovering near its all-time high just above $3,120. Uncertainty surrounding former U.S. President Donald Trump's so-called reciprocal tariffs, along with growing fears of a U.S. economic recession and geopolitical risks, continue to weigh on investor sentiment. The risk-off mood is evident in the generally weaker tone of the stock markets, driving the safe-haven precious metal higher for the third consecutive day.
➡️However, bullish traders may take a breather amid overbought conditions on the daily chart and ahead of key U.S. macroeconomic releases later this week.
Personal opinion:
➡️ In general, in the long term, the main trend of gold is still increasing and shows no signs of stopping. Therefore, waiting for the time when gold declines technically to buy at a good price is a reasonable measure
➡️ Currently, gold is having a technical adjustment after RSI entered the overbought zone and decreased again
➡️Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉 Buy XAU/USD 3100 - 3102
❌SL: 3095 | ✅TP: 3106 - 3112 - 3118
👉 Sell XAU/USD 3129 - 3132
❌SL: 3136 | ✅TP: 3125 - 3120 - 3115
FM wishes you a successful trading day 💰💰💰
Trade active
Check gold HIt + 140 pips from Buy 3100
Great Buy
congratulation
Trade closed: target reached
The plan is on track.
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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.