The bullish momentum remains strong dueto many supporting factor

5月6日

🔔🔔🔔Gold news:

➡️ Gold extends gains, up more than 4% in just two trading sessions.

➡️ Geopolitical risks stemming from the Trump administration, currency turmoil in Asia and tensions over Israel are driving investors back into gold.

➡️ Bullish risks remain on multiple fronts, keeping gold's strong momentum going

Personal opinion:
➡️ Gold is approaching 3400 and there are many drivers pushing gold prices to ATH 3500, which could happen soon. Earlier in the US trading session, we could see gold prices at 3318

➡️ Analysis based on resistance - support levels and pivot points combined with trend lines to come up with a suitable strategy

Plan:
🔆Setting price zone:

👉Sell gold 3418- 3421
❌SL: 3425 | ✅TP: 3414 - 3410 – 3405

FM wishes you a successful trading day 💰💰💰

5月7日

交易進行

Personal plan:
Hit + 75 pips from Sell 3418
Great

5月7日

交易結束：目標達成

Investors are likely to stay on the sidelines and wait for the upcoming FOMC meeting, which will then determine the next direction. Gold prices could gain momentum if the Fed cuts interest rates in June due to concerns about the economic outlook or vice versa. Therefore, the market will fluctuate slightly today until the news is announced.