🔔🔔🔔Gold news:
➡️ Spot gold prices fell on Tuesday, dropping below the $3,300 mark during European trading hours and remaining weak after Wall Street opened, as upbeat U.S. economic data strengthens the U.S. dollar.
➡️ However, gold attracted dip buyers and retested the $3,300 level early Wednesday. The overnight rebound in the dollar lost momentum amid concerns over U.S. Fiscal stability and growing bets on Federal Reserve rate cuts, which in turn supports the non-yielding precious metal.
➡️ Additionally, geopolitical tensions between Russia and Ukraine boosted demand for gold as a safe-haven asset.
Personal opinion:
➡️ There has been no strong news that has really had a strong impact on gold prices this week. So in the beginning of today, gold price is still moving slowly and waiting for the FOMC meeting minutes to have the next direction
➡️ Analysis based on important support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell Gold 3310 - 3313
❌SL: 3317 | ✅TP: 3306 - 3301 – 3295
👉Buy Gold 3253 - 3256
❌SL: 3249 | ✅TP: 3260 - 3265 – 3270
FM wishes you a successful trading day 💰💰💰
➡️ Spot gold prices fell on Tuesday, dropping below the $3,300 mark during European trading hours and remaining weak after Wall Street opened, as upbeat U.S. economic data strengthens the U.S. dollar.
➡️ However, gold attracted dip buyers and retested the $3,300 level early Wednesday. The overnight rebound in the dollar lost momentum amid concerns over U.S. Fiscal stability and growing bets on Federal Reserve rate cuts, which in turn supports the non-yielding precious metal.
➡️ Additionally, geopolitical tensions between Russia and Ukraine boosted demand for gold as a safe-haven asset.
Personal opinion:
➡️ There has been no strong news that has really had a strong impact on gold prices this week. So in the beginning of today, gold price is still moving slowly and waiting for the FOMC meeting minutes to have the next direction
➡️ Analysis based on important support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell Gold 3310 - 3313
❌SL: 3317 | ✅TP: 3306 - 3301 – 3295
👉Buy Gold 3253 - 3256
❌SL: 3249 | ✅TP: 3260 - 3265 – 3270
FM wishes you a successful trading day 💰💰💰
Trade active
personal plan:
Hit+110 pips from sell 3310
setup successful
Trade closed: target reached
Personal plan
Hit + 160 pips from Buy 3253
setup successful
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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.