🔔🔔🔔Gold news:
➡️ Gold prices came under heavy selling pressure early Wednesday, correcting sharply from a two-week high of $3,435. Fresh optimism over the upcoming U.S.-China trade talks and profit-taking ahead of the U.S. Federal Reserve’s policy announcements.
➡️ However, downside momentum will be limited as geopolitical tensions escalate globally, in the Middle East and Pakistan-India regions.
Personal opinion:
➡️ Investors are likely to stay on the sidelines and wait for the upcoming FOMC meeting, which will then shape the next direction. Gold prices could see a fresh rally if the Fed cuts rates in June due to concerns about the economic outlook, or vice versa. Therefore, the market today will not fluctuate too much until the news is announced
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3307- 3310
❌SL: 3303 | ✅TP: 3315- 3320 – 3325
👉 Sell Gold 3435- 3437
❌SL: 3442 | ✅TP: 3431- 3426 - 3420
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices came under heavy selling pressure early Wednesday, correcting sharply from a two-week high of $3,435. Fresh optimism over the upcoming U.S.-China trade talks and profit-taking ahead of the U.S. Federal Reserve’s policy announcements.
➡️ However, downside momentum will be limited as geopolitical tensions escalate globally, in the Middle East and Pakistan-India regions.
Personal opinion:
➡️ Investors are likely to stay on the sidelines and wait for the upcoming FOMC meeting, which will then shape the next direction. Gold prices could see a fresh rally if the Fed cuts rates in June due to concerns about the economic outlook, or vice versa. Therefore, the market today will not fluctuate too much until the news is announced
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3307- 3310
❌SL: 3303 | ✅TP: 3315- 3320 – 3325
👉 Sell Gold 3435- 3437
❌SL: 3442 | ✅TP: 3431- 3426 - 3420
FM wishes you a successful trading day 💰💰💰
Trade active
The plan is on track, the positive US-UK trade talks put downward pressure on gold. Gold broke down to the 3370-3360 zone and confirmed the short-term downtrend.Trade closed: target reached
Personal Plan:
Hit + 70 pips from Buy 3310
Great
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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.