⭐️Fundamental Analysis
Top US and Russian officials will meet to discuss ending the war in Ukraine, but there are concerns that a decision may be made without the participation of Ukraine and Europe.
Weak risk sentiment has boosted demand for the safe-haven US dollar, putting pressure on gold prices. At the same time, Fed officials were cautious about inflation and interest rate policy, strengthening the US dollar and US Treasury yields. The Fed governor said that inflation is progressing slowly, possibly delaying a rate cut until 2025.
In the coming time, the market will focus on speeches by Fed officials for clues on monetary policy, as well as monitor the developments in negotiations between the US and Russia, a factor that could have a big impact on risk sentiment and gold prices.
⭐️Technical Analysis
Gold prices approached the 2915 resistance zone before the US session, marking the importance of this price zone today. When the candle does not break through 2915 when Europe enters, SELL to 2906. In case of break 2915, wait for retest buy back around 15 TP around 2927. Pay attention to price reaction around 2920. BUY zones of gold around 2906-2900-2895. SELL zones of gold 2927-2949
Top US and Russian officials will meet to discuss ending the war in Ukraine, but there are concerns that a decision may be made without the participation of Ukraine and Europe.
Weak risk sentiment has boosted demand for the safe-haven US dollar, putting pressure on gold prices. At the same time, Fed officials were cautious about inflation and interest rate policy, strengthening the US dollar and US Treasury yields. The Fed governor said that inflation is progressing slowly, possibly delaying a rate cut until 2025.
In the coming time, the market will focus on speeches by Fed officials for clues on monetary policy, as well as monitor the developments in negotiations between the US and Russia, a factor that could have a big impact on risk sentiment and gold prices.
⭐️Technical Analysis
Gold prices approached the 2915 resistance zone before the US session, marking the importance of this price zone today. When the candle does not break through 2915 when Europe enters, SELL to 2906. In case of break 2915, wait for retest buy back around 15 TP around 2927. Pay attention to price reaction around 2920. BUY zones of gold around 2906-2900-2895. SELL zones of gold 2927-2949
Trade active
SELL zone 2915 + 70 pips runningTrade closed: target reached
gold break out 2915 coming 2925 today
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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.
JOIN OUR FREE TELEGRAM GROUP t.me/+HARBQ2pBFaI5ZjI1
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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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.