🔔🔔🔔Gold news:
➡️ Spot gold prices declined on Wednesday, extending their losses to $3,260 during U.S. trading hours. The precious metal weakened as market sentiment improved following headlines from the United States. On Tuesday, U.S. President Donald Trump clarified that he had no intention of firing Federal Reserve Chairman Jerome Powell, although he expressed disappointment over the Fed’s decision to keep interest rates elevated. Trump also mentioned progress in trade talks with China, further easing concerns among investors.
Personal opinion:
➡️ Gold’s upward momentum is slowing down after President Trump’s announcement. Buyers are pausing and waiting for further moves to boost gold prices
➡️ Analysis based on important resistance - support zones and Fibonacci combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 3293 - 3296
❌SL: 3285 | ✅TP: 3297 - 3303 – 3310
👉Sell Gold 3383 - 3386
❌SL: 3391 | ✅TP: 3378 - 3372 – 3365
FM wishes you a successful trading day 💰💰💰
➡️ Spot gold prices declined on Wednesday, extending their losses to $3,260 during U.S. trading hours. The precious metal weakened as market sentiment improved following headlines from the United States. On Tuesday, U.S. President Donald Trump clarified that he had no intention of firing Federal Reserve Chairman Jerome Powell, although he expressed disappointment over the Fed’s decision to keep interest rates elevated. Trump also mentioned progress in trade talks with China, further easing concerns among investors.
Personal opinion:
➡️ Gold’s upward momentum is slowing down after President Trump’s announcement. Buyers are pausing and waiting for further moves to boost gold prices
➡️ Analysis based on important resistance - support zones and Fibonacci combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 3293 - 3296
❌SL: 3285 | ✅TP: 3297 - 3303 – 3310
👉Sell Gold 3383 - 3386
❌SL: 3391 | ✅TP: 3378 - 3372 – 3365
FM wishes you a successful trading day 💰💰💰
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Hit + 160 pips from Buy 2393
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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.