Gold prices pulled back on Thursday as bullish momentum eased following the Federal Reserve's (Fed) recent monetary policy decision and rising tensions in the Middle East. The XAU/USD pair is trading at $3,042, down by more than 0.19%.
Market sentiment has shifted to the downside, while the US Dollar is rebounding, as reflected in the US Dollar Index (DXY), which measures the greenback's performance against a basket of six major currencies.
Despite the Fed keeping interest rates steady at the 4.25%–4.50% range for the second consecutive meeting and announcing a slower pace of quantitative tightening (QT), gold traders were unable to push prices higher.
Personal analysis:
Gold is set for a short-term correction today after a series of gains, and bulls are pausing to monitor the next impetus that could boost gold prices.
Daily RSI shows signs of decline after gold enters overbought zone 74
Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Resistance zone: 3047 - 3056 - 3070
Support zone: 3025 - 3020 - 3002
Plan:
🔆Price Zone Setup:
👉Sell Gold 3057- 3059
❌SL: 3063 | ✅TP: 3052 - 3047 - 3040
👉Sell Gold 3040- 3042(Scalping)
❌SL: 3047 | ✅TP: 3039 – 3036 – 3030
👉Buy Gold 3024- 3026 (Scalping)
❌SL: 3018 | ✅TP: 3029 – 3032 – 3037
👉Buy Gold 3003- 3000
❌SL: 2996 | ✅TP: 3008 – 3013 – 3020
FM wishes you a successful trading day 💰💰💰
Market sentiment has shifted to the downside, while the US Dollar is rebounding, as reflected in the US Dollar Index (DXY), which measures the greenback's performance against a basket of six major currencies.
Despite the Fed keeping interest rates steady at the 4.25%–4.50% range for the second consecutive meeting and announcing a slower pace of quantitative tightening (QT), gold traders were unable to push prices higher.
Personal analysis:
Gold is set for a short-term correction today after a series of gains, and bulls are pausing to monitor the next impetus that could boost gold prices.
Daily RSI shows signs of decline after gold enters overbought zone 74
Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Resistance zone: 3047 - 3056 - 3070
Support zone: 3025 - 3020 - 3002
Plan:
🔆Price Zone Setup:
👉Sell Gold 3057- 3059
❌SL: 3063 | ✅TP: 3052 - 3047 - 3040
👉Sell Gold 3040- 3042(Scalping)
❌SL: 3047 | ✅TP: 3039 – 3036 – 3030
👉Buy Gold 3024- 3026 (Scalping)
❌SL: 3018 | ✅TP: 3029 – 3032 – 3037
👉Buy Gold 3003- 3000
❌SL: 2996 | ✅TP: 3008 – 3013 – 3020
FM wishes you a successful trading day 💰💰💰
交易進行
check goldHIt +50 pips from buy 3024
congratulatiion 💰💰💰
註釋
Check again HIt + 90 pips from 3024
Great buy
註釋
Market as per original plan, Target reaches TP 3037Max profit +130 pips
Congratulations
交易結束：目標達成
FM was waiting for a better position at 3040 to sell but only got to 3038 and crashed,missed 20 pips to enter the trade
missed 80 pips of profit
what a pity
Anyway, the plan is on track
註釋
Crash to 3008Sell Big
註釋
Hit + 60 pips fr0m buy 3000Big win today
註釋
Hit + 90 pips from Buy 3000Great Buy 00 - 03
註釋
HIt + 160 pips from Buy 3000💰💰💰註釋
HIt +230 pips
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。