🔔🔔🔔Gold news:
➡️ Gold attracted further buying interest as prices edged closer to $3,620 in Asian trade on Wednesday
➡️ Rising expectations of a rate cut by the US Federal Reserve, coupled with political uncertainty in France and Japan, are providing a strong boost to the precious metal.
➡️ In addition, the escalation of the Russia-Ukraine war and the latest conflict between Israel and Qatar in the Middle East are further fueling the bullion's rally.
Personal view:
➡️ The recent mild correction after a prolonged overbought condition appears to be over. With some fresh momentum supporting the market, gold is likely to continue its uptrend below $3,666 and while waiting for the US PPI data to be released to determine the short-term trend
➡️Analysis based on support resistance levels and trend lines combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3624 - 3621
❌SL: 3617 | ✅TP: 3628 - 3633 – 3638
👉Sell Gold 3664 - 3667 (Scalping)
❌SL: 3671 | ✅TP: 3660 - 3655
FM wishes you a successful trading day 💰💰💰
➡️ Gold attracted further buying interest as prices edged closer to $3,620 in Asian trade on Wednesday
➡️ Rising expectations of a rate cut by the US Federal Reserve, coupled with political uncertainty in France and Japan, are providing a strong boost to the precious metal.
➡️ In addition, the escalation of the Russia-Ukraine war and the latest conflict between Israel and Qatar in the Middle East are further fueling the bullion's rally.
Personal view:
➡️ The recent mild correction after a prolonged overbought condition appears to be over. With some fresh momentum supporting the market, gold is likely to continue its uptrend below $3,666 and while waiting for the US PPI data to be released to determine the short-term trend
➡️Analysis based on support resistance levels and trend lines combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3624 - 3621
❌SL: 3617 | ✅TP: 3628 - 3633 – 3638
👉Sell Gold 3664 - 3667 (Scalping)
❌SL: 3671 | ✅TP: 3660 - 3655
FM wishes you a successful trading day 💰💰💰
Giao dịch đang hoạt động
Plans Still On TrackWeaker-than-expected US PPI data weighs on USD
Đóng lệnh: đạt mục tiêu
personal plan:
Hit + 150 pips from Buy 3623
Setup successful
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Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.