🔔🔔🔔Gold news:
➡️ Gold entered a bullish consolidation phase after reaching a new high on Thursday. A modest rebound in the U.S. dollar and improved risk appetite in the markets limited further gains, especially as the precious metal remains in overbought territory.
➡️ This week’s record-breaking gold rally has been largely driven by the intensification of U.S.-China trade war and ongoing uncertainty over the potential implementation of U.S. tariffs on all major trading partners.
➡️ Rising demand for safe-haven assets, persistent concerns over a possible U.S. economic slowdown, and growing market bets on a Federal Reserve rate cut have continued to support the XAU/USD pair, helping to sustain gold's upward momentum.
Personal opinion:
➡️ The upward trend in the price of golden yellow tubers is still intact, however there will be a decline after yesterday's overbought.
➡️ Watch for strong technical zones to earn good profits for you
➡️ Analyze based on important support resistance zones and Fibonacci combined with EMA and trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 3308– 3310
❌SL: 3303 | ✅TP: 3315 – 3320- 3325
👉Sell Gold 3388– 3390
❌SL: 3395 | ✅TP: 3383 – 3378 – 3370
FM wishes you a successful trading day 💰💰💰
➡️ Gold entered a bullish consolidation phase after reaching a new high on Thursday. A modest rebound in the U.S. dollar and improved risk appetite in the markets limited further gains, especially as the precious metal remains in overbought territory.
➡️ This week’s record-breaking gold rally has been largely driven by the intensification of U.S.-China trade war and ongoing uncertainty over the potential implementation of U.S. tariffs on all major trading partners.
➡️ Rising demand for safe-haven assets, persistent concerns over a possible U.S. economic slowdown, and growing market bets on a Federal Reserve rate cut have continued to support the XAU/USD pair, helping to sustain gold's upward momentum.
Personal opinion:
➡️ The upward trend in the price of golden yellow tubers is still intact, however there will be a decline after yesterday's overbought.
➡️ Watch for strong technical zones to earn good profits for you
➡️ Analyze based on important support resistance zones and Fibonacci combined with EMA and trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 3308– 3310
❌SL: 3303 | ✅TP: 3315 – 3320- 3325
👉Sell Gold 3388– 3390
❌SL: 3395 | ✅TP: 3383 – 3378 – 3370
FM wishes you a successful trading day 💰💰💰
Trade active
Gold drops to 3312 and bounces back to 3327Unfortunately, the Buy order at 3310 could not be filled. Missed out on 170 pips of profit
However, gold is still on track
Trade closed: target reached
Gold eased slightly from an all-time high of $3,357 on Thursday morning but was still up more than 2% for the week after settling at $3,327. Uncertainty surrounding U.S.-China trade relations kept markets cautious, boosting safe-haven demand for gold.
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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
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.