Gold Spot / U.S. Dollar
Long
Updated

Trump's announcement signals the return of buyers

208
🔔🔔🔔Gold news:

➡️ U.S. President Donald Trump on Sunday announced a 100% tariff on movies produced outside the country. A move to reimpose tariffs by President D. trump. Gold prices are holding on to a recovery to $3,272 early Monday as buyers return to the boom amid uncertainty over potential trade deals between the United States and its trading partners. The US dollar is back in the red amid trade uncertainty and repositioning ahead of the Fed.

Personal opinion:
➡️ A surprise move by President Trump. And it shows us that the trade agreements are still uncertain and it is positive only at the level of cooling down between the parties involved

➡️ Analyze based on important support resistance and Fibonacci levels combined with trend lines to come up with a suitable strategy

Plan:
🔆Price Zone Setup:

👉Buy Gold 3204 - 3206
❌SL: 3199 | ✅TP: 3210 - 3215 – 3320

👉Sell Gold 3313 - 3316
❌SL: 3320 | ✅TP: 3309 - 3305 – 3300

FM wishes you a successful trading day 💰💰💰
Trade active
snapshot
hit TP1 +68 pips from sell 3315.80
Great
Trade closed: target reached
The plan is on track.
Gold rose for a second straight day and edged closer to $3,400 on Tuesday as ongoing geopolitical tensions across the board continued to boost investor demand for safe-haven assets. In the Middle East, Israel is preparing for a ground offensive in the Gaza Strip, aiming to take full control of the area.

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