Gold news:
🔆Gold prices hovered below a record high of $2,956 during the Asian session. The rally continued as the dollar weakened and US Treasury yields fell 0.43%. At the time of writing, XAU/USD was trading at $2,948.6.
🔆Gold prices have been rising for the past eight weeks, driven by the largest net inflows into gold-backed ETFs since 2022
🔆While XAU/USD is likely to hold at all-time highs, it appears that buyers have been hesitant to push prices higher, with price action showing signs of losing momentum.
🔆Technically, the daily RSI indicator is showing a divergence that could signal a pullback. However, the RSI is still in overbought territory, so further consideration is warranted.
Personal opinion:
🔆Gold will have a period of decline to accumulate and then continue the main uptrend.
🔆Note: in case of new news about Trump's tariff policy or war fluctuations, we will consider first.
Technical analysis:
🔆Based on important resistance - support levels and Fibonacci levels combined with EMA indicators to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 2917 – 2920
❌SL: 2912 | ✅TP: 2925– 2930 – 2940
👉Buy Gold 2938 – 2940(Scalping)
❌SL: 2933 | ✅TP: 2945– 2950 – 2955
👉Sell Gold 2970 – 2972
❌SL: 2977| ✅TP: 2965– 2960 – 2950
FM wishes you a successful trading day 💰💰💰
🔆Gold prices hovered below a record high of $2,956 during the Asian session. The rally continued as the dollar weakened and US Treasury yields fell 0.43%. At the time of writing, XAU/USD was trading at $2,948.6.
🔆Gold prices have been rising for the past eight weeks, driven by the largest net inflows into gold-backed ETFs since 2022
🔆While XAU/USD is likely to hold at all-time highs, it appears that buyers have been hesitant to push prices higher, with price action showing signs of losing momentum.
🔆Technically, the daily RSI indicator is showing a divergence that could signal a pullback. However, the RSI is still in overbought territory, so further consideration is warranted.
Personal opinion:
🔆Gold will have a period of decline to accumulate and then continue the main uptrend.
🔆Note: in case of new news about Trump's tariff policy or war fluctuations, we will consider first.
Technical analysis:
🔆Based on important resistance - support levels and Fibonacci levels combined with EMA indicators to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 2917 – 2920
❌SL: 2912 | ✅TP: 2925– 2930 – 2940
👉Buy Gold 2938 – 2940(Scalping)
❌SL: 2933 | ✅TP: 2945– 2950 – 2955
👉Sell Gold 2970 – 2972
❌SL: 2977| ✅TP: 2965– 2960 – 2950
FM wishes you a successful trading day 💰💰💰
交易進行
Double top pattern in 5 min time frame,Plan:
Sell 2939 -2942
SL: 2945
TP: 2935 - 2930- 2920
交易結束：目標達成
HIt +170 pips, Great sellProfit for those who follow FM's plan
Congratulations
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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。