Gold News:
🔆On Sunday, Trump announced plans to impose a 25% tariff on all steel and aluminum imports into the United States today. This led to concerns that a new trade war would escalate in the near future. Gold prices rose slightly in Asian trading.
🔆The US 10-year bond yield also fell slightly in early trading, but the DXY Dollar Index rose 0.34% on the day to trade at 108.44.
Review:
🔆Gold prices are expected to retest the ATH level of last Friday. Trump's tariff policy and the response of related countries remain the main factors affecting the upward trend of gold. If tensions continue to escalate, gold prices will continue to maintain the upward trend.
Analysis:
🔆Based on the continued escalation of trade tensions between the United States and related countries
🔆RSI (1H) is rising and above the moving average, indicating an uptrend
The uptrend line is combined with the Resistance - Support zone.
Plan:
🔆Price Zone Setup:
👉Buy Gold 2868 -2870 (European session)
❌SL: 2864 | ✅TP: 2875 - 2882 – 2890
👉Sell Gold 2884 -2886 (European session)
❌SL: 2891 | ✅TP: 2878 - 2870 – 2860
Thank you for reading my comment: "FM"
🔆On Sunday, Trump announced plans to impose a 25% tariff on all steel and aluminum imports into the United States today. This led to concerns that a new trade war would escalate in the near future. Gold prices rose slightly in Asian trading.
🔆The US 10-year bond yield also fell slightly in early trading, but the DXY Dollar Index rose 0.34% on the day to trade at 108.44.
Review:
🔆Gold prices are expected to retest the ATH level of last Friday. Trump's tariff policy and the response of related countries remain the main factors affecting the upward trend of gold. If tensions continue to escalate, gold prices will continue to maintain the upward trend.
Analysis:
🔆Based on the continued escalation of trade tensions between the United States and related countries
🔆RSI (1H) is rising and above the moving average, indicating an uptrend
The uptrend line is combined with the Resistance - Support zone.
Plan:
🔆Price Zone Setup:
👉Buy Gold 2868 -2870 (European session)
❌SL: 2864 | ✅TP: 2875 - 2882 – 2890
👉Sell Gold 2884 -2886 (European session)
❌SL: 2891 | ✅TP: 2878 - 2870 – 2860
Thank you for reading my comment: "FM"
Trade closed: target reached
Complete the original goal
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Join now !!!!
Channel: signals - knowledge and FOREX comments
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Channel: signals - knowledge and FOREX comments
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.