🔔🔔🔔Gold news:
➡️ Gold prices returned to near the $3,200 level early Tuesday after once again failing to break through the $3,250 resistance. The decline in gold may be tied to a modest rebound in the US dollar, as traders await upcoming US trade talks for new directional cues.
➡️ Moody's downgraded the US sovereign credit rating by one notch on Friday, from the top-tier "Aaa" to "Aa1", weakening the so-called "US brand." Investors remain cautious about the country's long-term fiscal outlook, which is helping to limit gold's downside in the short term.
Personal opinion:
➡️ Gold prices will maintain a slight increase today in the 3190 - 3250 range, with no important economic data today, so gold prices are still being boosted by the US credit rating.
➡️ Note: Trade war is still the focus, so keep a close eye on the latest information
➡️ Analyze based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3189 - 3192
❌SL: 3185 | ✅TP: 3196 - 3200 – 3205
👉Sell Gold 3249 - 3252
❌SL: 3255 | ✅TP: 3244 - 3245 – 3240
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices returned to near the $3,200 level early Tuesday after once again failing to break through the $3,250 resistance. The decline in gold may be tied to a modest rebound in the US dollar, as traders await upcoming US trade talks for new directional cues.
➡️ Moody's downgraded the US sovereign credit rating by one notch on Friday, from the top-tier "Aaa" to "Aa1", weakening the so-called "US brand." Investors remain cautious about the country's long-term fiscal outlook, which is helping to limit gold's downside in the short term.
Personal opinion:
➡️ Gold prices will maintain a slight increase today in the 3190 - 3250 range, with no important economic data today, so gold prices are still being boosted by the US credit rating.
➡️ Note: Trade war is still the focus, so keep a close eye on the latest information
➡️ Analyze based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3189 - 3192
❌SL: 3185 | ✅TP: 3196 - 3200 – 3205
👉Sell Gold 3249 - 3252
❌SL: 3255 | ✅TP: 3244 - 3245 – 3240
FM wishes you a successful trading day 💰💰💰
Trade active
Gold price is going according to planMy personal Sell price range is 3249-3252
Trade closed: target reached
Personal plan:
Hit + 175 pips from sell 3251
Big profit
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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.