Continue the downtrend and wait for US CPI

5月13日

🔔🔔🔔Gold news:

➡️ Gold (XAU/USD) edged lower to around $3,217 during early Asian trading on Tuesday. The precious metal remains under pressure due to a stronger US dollar, rising US Treasury yields, and optimism surrounding the US-China trade deal.

➡️ Improved risk sentiment following the announcement of a temporary agreement between the US and China to reduce tariffs has weighed on safe-haven assets like gold. The new measures will be in effect for 90 days.

Personal opinion:
➡️ Gold prices will maintain their downward momentum today following the impact of positive US-China tariff negotiations. and wait for CPI news from early this afternoon.

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

Plan:
🔆Price Zone Setup:

👉Buy Gold 3293 - 3296
❌SL: 3285 | ✅TP: 3297 - 3303 – 3310

👉Sell Gold 3202 - 3205
❌SL: 3198 | ✅TP: 3209 - 3214 – 3220

FM wishes you a successful trading day 💰💰💰

5月13日

交易進行

Gold edged up to around $3,265 in early European trading on Tuesday as sellers were cautious and largely stayed on the sidelines ahead of the U.S. April Consumer Price Index (CPI) report due later in the day. However, optimism surrounding an interim U.S.-China tariff deal could limit the precious metal’s gains.

FM's personal plan update:

👉Buy Gold 3215 - 3218 (Scalping)
❌SL: 3212 | ✅TP: 3221 - 3225 – 3230

👉Sell Gold 3277 - 3280
❌SL: 3283 | ✅TP: 3273 - 3269 – 3265