One more correction before further upside

5 gün önce

🔔🔔🔔Gold news:

➡️ Gold (XAU/USD) fell 2% after reaching a record high of $4,379 earlier on Friday, dropping below $4,250 as Trump’s dovish tone strengthened the U.S. dollar.

➡️ The yield on the U.S. 10-year Treasury rose by three basis points, further weighing on non-yielding assets like gold.

Personal views:
➡️ Gold is likely to experience another correction early next week following its strong rally this week. However, the overall uptrend remains intact as key bullish factors — including trade tensions, the potential U.S. government shutdown, and expectations of a Fed rate cut — continue to support the metal.

➡️ Analysis based on support, resistance levels and trend lines combined with Fibonacci to come up with an appropriate strategy

Resistance zone: 4270, 4316
Support zone: 4204, 4105

FM wishes you a successful trading day 💰💰💰

4 gün önce

İşlem aktif

The plan is still on track, price reacted around the resistance zone 4270 and fell