🔔🔔🔔Gold news:
➡️ After a brief pullback on Friday due to pre-Easter profit-taking, gold buyers stormed back into the market early Monday. The precious metal resumed its record-breaking rally, eyeing the $3,400 mark as the US Dollar (USD) plunged to a three-year low against major currencies, driven by growing recession fears in the US amid escalating US-China trade tensions.
➡️ The trade conflict intensified over the weekend when a Boeing jet, initially intended for a Chinese airline, was redirected back to the US manufacturer’s plant in a retaliatory move by China.
Personal view:
➡️ The weaker US Dollar and rising safe-haven demand continue to support gold’s traditional role as a safe-haven asset. However, price swings could be exaggerated in the coming day due to thin liquidity from Easter Monday.
➡️ The RSI remains in overbought territory on the daily chart, and light trading volumes may amplify gold’s price moves.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with suitable strategies
Plan:
🔆Price Zone Setup:
👉Sell Gold 3400 - 3398 (Scalping)
❌SL: 3404| ✅TP: 3394 – 3390-3385
👉Sell Gold 3422 - 3424
❌SL: 3429 | ✅TP: 3417 – 3412 -3407
👉Buy Gold 3356 - 3358
❌SL: 3350| ✅TP: 3363 – 3370-3380
FM wishes you a successful trading day 💰💰💰
➡️ After a brief pullback on Friday due to pre-Easter profit-taking, gold buyers stormed back into the market early Monday. The precious metal resumed its record-breaking rally, eyeing the $3,400 mark as the US Dollar (USD) plunged to a three-year low against major currencies, driven by growing recession fears in the US amid escalating US-China trade tensions.
➡️ The trade conflict intensified over the weekend when a Boeing jet, initially intended for a Chinese airline, was redirected back to the US manufacturer’s plant in a retaliatory move by China.
Personal view:
➡️ The weaker US Dollar and rising safe-haven demand continue to support gold’s traditional role as a safe-haven asset. However, price swings could be exaggerated in the coming day due to thin liquidity from Easter Monday.
➡️ The RSI remains in overbought territory on the daily chart, and light trading volumes may amplify gold’s price moves.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with suitable strategies
Plan:
🔆Price Zone Setup:
👉Sell Gold 3400 - 3398 (Scalping)
❌SL: 3404| ✅TP: 3394 – 3390-3385
👉Sell Gold 3422 - 3424
❌SL: 3429 | ✅TP: 3417 – 3412 -3407
👉Buy Gold 3356 - 3358
❌SL: 3350| ✅TP: 3363 – 3370-3380
FM wishes you a successful trading day 💰💰💰
Trade active
Gold rallied to 3396 and dropped sharply to 3381Unfortunately the sell order at 3398 was not filled
Missed 150 pips of profit. Unfortunate
Anyway, the plan is still on track
Note
Check goldhit + 45 pips from sell Scalping 3400
Trade closed: target reached
check gold Hit + 50 pips from sell 3422
Congratulation
Note
Round 2hit + 95 pips from sell 3424
Note
Hit 185 pips from sell 3424Great sell
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
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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.