🔔🔔🔔Gold news:
➡️ Gold experienced some selling pressure at the start of the week, trimming part of Friday's strong rally that had pushed it to a more than two-week high. However, downside potential appears limited. Concerns over U.S. fiscal conditions, rising geopolitical tensions, expectations of Fed rate cuts, and weak demand for the U.S. dollar are likely to continue supporting the precious metal. As a result, any subsequent decline may be seen as a buying opportunity and is expected to remain contained.
Personal opinion:
➡️ Today there is no strong news that will greatly affect gold, so the gold price will still remain above 3300
➡️ Analysis based on important resistance - support levels and Fibonacci combined with RSI to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy Gold 3301 - 3304
❌SL: 3287 | ✅TP: 3308 - 3313 – 3320
👉Sell Gold 3364 - 3367
❌SL: 3371 | ✅TP: 3360 - 3355 – 3350
FM wishes you a successful trading day 💰💰💰
➡️ Gold experienced some selling pressure at the start of the week, trimming part of Friday's strong rally that had pushed it to a more than two-week high. However, downside potential appears limited. Concerns over U.S. fiscal conditions, rising geopolitical tensions, expectations of Fed rate cuts, and weak demand for the U.S. dollar are likely to continue supporting the precious metal. As a result, any subsequent decline may be seen as a buying opportunity and is expected to remain contained.
Personal opinion:
➡️ Today there is no strong news that will greatly affect gold, so the gold price will still remain above 3300
➡️ Analysis based on important resistance - support levels and Fibonacci combined with RSI to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy Gold 3301 - 3304
❌SL: 3287 | ✅TP: 3308 - 3313 – 3320
👉Sell Gold 3364 - 3367
❌SL: 3371 | ✅TP: 3360 - 3355 – 3350
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.