🔔🔔🔔Gold news:
➡️ Gold prices surged to their highest level over a week during Wednesday's Asian session, as bullish traders remain cautious and await a decisive move above the $3,300 mark before committing to new positions. TheU.S. dollar faced selling pressure amid renewed concerns over President Donald Trump’s protectionist stance and escalating government debt, particularly as his tax reform bill is set to be reviewed in Congress today.
➡️ The dollar weakened to nearly two-week lows following Moody's downgrade of the U.S. credit rating and increased market bets on potential interest rate cuts by the Federal Reserve. Additionally, ongoing geopolitical tensions continue to bolster gold's appeal as a safe-haven asset.
➡️ Market attention has now shifted to negotiations with Japan, where rising concerns have been fueled by recent U.S. demands. demands. Meanwhile, a lack of updates on U.S.-China trade talks has further weighed on overall market sentiment.
Personal opinion:
➡️ Gold has found motivation to increase in price after positive trade negotiations news from the US and other countries gradually reduced its influence. Today's uptrend will remain above 3300
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3248 - 3251
❌SL: 3244 | ✅TP: 3255 - 3260 – 3265
👉Sell Gold 3360 - 3363
❌SL: 3368 | ✅TP: 3355 - 3350 – 3345
FM wishes you a successful trading day 💰💰💰
➡️ Gold prices surged to their highest level over a week during Wednesday's Asian session, as bullish traders remain cautious and await a decisive move above the $3,300 mark before committing to new positions. TheU.S. dollar faced selling pressure amid renewed concerns over President Donald Trump’s protectionist stance and escalating government debt, particularly as his tax reform bill is set to be reviewed in Congress today.
➡️ The dollar weakened to nearly two-week lows following Moody's downgrade of the U.S. credit rating and increased market bets on potential interest rate cuts by the Federal Reserve. Additionally, ongoing geopolitical tensions continue to bolster gold's appeal as a safe-haven asset.
➡️ Market attention has now shifted to negotiations with Japan, where rising concerns have been fueled by recent U.S. demands. demands. Meanwhile, a lack of updates on U.S.-China trade talks has further weighed on overall market sentiment.
Personal opinion:
➡️ Gold has found motivation to increase in price after positive trade negotiations news from the US and other countries gradually reduced its influence. Today's uptrend will remain above 3300
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3248 - 3251
❌SL: 3244 | ✅TP: 3255 - 3260 – 3265
👉Sell Gold 3360 - 3363
❌SL: 3368 | ✅TP: 3355 - 3350 – 3345
FM wishes you a successful trading day 💰💰💰
✅ 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.
✅ 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.