Gold Market Update:
🔆On Tuesday, the key market event was Federal Reserve Chair Jerome Powell's testimony to Congress, which was less hawkish than expected and could weaken the U.S. dollar.
🔆Powell reaffirmed that no immediate policy changes are planned, maintaining the Fed’s 2% core inflation target. While he acknowledged that inflation remains elevated, he emphasized a patient approach to monetary adjustments.
🔆With Powell taking a neutral stance on interest rates and trade policy, the Fed is expected to keep rates steady at 4.25%-4.50% in March.
🔆Meanwhile, the U.S. 10-year Treasury yield remained firm at 4.55%, continuing its rebound from last week’s yearly low of 4.40%. Additionally, the Fed's sentiment indicator on the daily chart suggests a slight softening in the central bank’s previously hawkish stance.
Technical Analysis:
🔆Using the RSI (1H) indicator in combination with trend lines and key resistance-support levels.
Personal Outlook:
🔆The DXY index and U.S. 10-year bond yield are seeing slight gains, which could put downward pressure on gold prices. With Powell’s neutral stance, gold may experience a short-term decline after recently hitting all-time highs. Investors are also monitoring potential developments in Trump’s tariff policies and the ongoing Gaza conflict to adjust their strategies accordingly.
Plan:
🔆Price Zone Setup:
👉Sell Gold 2905 -2907
❌SL: 2912 | ✅TP: 2900 - 2995 – 2987
👉Buy Gold 2869 -2871 ( Asian session)
❌SL: 2864 | ✅TP: 2875 - 2880 – 2890
👉Buy Gold 2833 -2835
❌SL: 2827 | ✅TP: 2840 - 2850 – 2860
🔆On Tuesday, the key market event was Federal Reserve Chair Jerome Powell's testimony to Congress, which was less hawkish than expected and could weaken the U.S. dollar.
🔆Powell reaffirmed that no immediate policy changes are planned, maintaining the Fed’s 2% core inflation target. While he acknowledged that inflation remains elevated, he emphasized a patient approach to monetary adjustments.
🔆With Powell taking a neutral stance on interest rates and trade policy, the Fed is expected to keep rates steady at 4.25%-4.50% in March.
🔆Meanwhile, the U.S. 10-year Treasury yield remained firm at 4.55%, continuing its rebound from last week’s yearly low of 4.40%. Additionally, the Fed's sentiment indicator on the daily chart suggests a slight softening in the central bank’s previously hawkish stance.
Technical Analysis:
🔆Using the RSI (1H) indicator in combination with trend lines and key resistance-support levels.
Personal Outlook:
🔆The DXY index and U.S. 10-year bond yield are seeing slight gains, which could put downward pressure on gold prices. With Powell’s neutral stance, gold may experience a short-term decline after recently hitting all-time highs. Investors are also monitoring potential developments in Trump’s tariff policies and the ongoing Gaza conflict to adjust their strategies accordingly.
Plan:
🔆Price Zone Setup:
👉Sell Gold 2905 -2907
❌SL: 2912 | ✅TP: 2900 - 2995 – 2987
👉Buy Gold 2869 -2871 ( Asian session)
❌SL: 2864 | ✅TP: 2875 - 2880 – 2890
👉Buy Gold 2833 -2835
❌SL: 2827 | ✅TP: 2840 - 2850 – 2860
交易進行
Hit TP2 +120 pips , Great sell 2907Profits for everyone
交易結束：目標達成
Hit + 120 pips
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
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Channel: signals - knowledge and FOREX comments
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。