New short-term momentum to limit gold's decline

5月19日

🔔🔔🔔Gold news:

➡️ Gold (XAU/USD) is rebounding after recent losses, trading near $3,230 per troy ounce during Monday's Asian session. This recovery is being driven by increased demand for safe-haven assets amid growing concerns about the economic outlook and the financial stability of the United States.
➡️ Supporting gold prices is the rising appeal of safe-haven investments following Moody's decision to downgrade the U.S. credit rating by one notch, from Aaa to Aa1, citing the country's surging debt levels and the mounting burden of interest payments.

Personal opinion:
➡️ In the short term, gold appears to have found support for its rally in the weak health of the U.S. economy. This should limit the downside momentum of gold brought about by positive tariff negotiations.

➡️ Analysis based on important resistance - support and Fibonacci levels combined with SMA to come up with a suitable strategy

Personal Plan:
🔆Price Zone Setup:

👉Sell Gold 3278 - 3281
❌SL: 3285 | ✅TP: 3275 - 3270 – 3265

👉Buy Gold 3192 - 3189
❌SL: 3175| ✅TP: 3196 - 3200 – 3205

FM wishes you a successful trading day 💰💰💰

5月20日

交易進行

Gold price remains in the range of 3190 - 3250
Update Sell plan:
👉Sell Gold 3248 - 3251
❌SL: 3255 | ✅TP: 3245 - 3240 – 3235

5月20日

交易結束：目標達成

plan updated previously
Hit + 175 pips from sell 3251
Great