Gold trend in European and American sessions today

12 Mar

🔔🔔🔔Gold news:

👉A cautious atmosphere dominates ahead of the release of US consumer inflation data, keeping Gold prices fluctuating within a tight range. The US Dollar (USD) sees a slight rebound as traders take profits after its recent decline.

👉The renewed strength in the USD and rising US Treasury bond yields are limiting Gold's recovery. However, if the annual headline and core CPI figures come in weaker than expected, it could strengthen expectations of Federal Reserve interest rate cuts this year. In that case, the USD and bond yields may come under pressure, providing a boost to Gold, which does not offer interest.

👉Conversely, if inflation data exceeds market expectations, Gold could give up its recent gains and decline further. Strong CPI numbers would support the Fed's cautious stance on inflation and rate cuts, potentially weighing on Gold prices due to its lack of yield appeal.

Personal opinion:
👉Gold is waiting for CPI news so it will run sideways in the 2,900 - 2,930 range

👉The Bullish Pennant pattern is gradually appearing, signaling a gold rally

👉At the same time, the SMA in this area is a strong support zone for gold prices, so it is difficult to break down

Analysis:
👉Based on resistance - support levels and SMA combined with price action to come up with a suitable strategy

Plan:
🔆Price Zone Setup:

👉Buy Gold 2,909 - 2,911 (European session)
❌SL: 2,904 | ✅TP: 2,915 - 2,920 - 2,930

👉Sell Gold 2,928 - 2,930 (European session)
❌SL: 2,934 | ✅TP: 2,925 – 2,920 – 2,910


👉Buy Gold 2,900 – 2,902
❌SL: 2,895 | ✅TP: 2,906 – 2,912 – 2,920

FM wishes you a successful trading day 💰💰💰

12 Mar

Not

HIt + 55 pisp from 2909

congratulations💰💰💰

12 Mar

Not

TP1 2915 . Done
Hit + 60 pips from 2909

12 Mar

İşlem aktif

TP1:2915. Done
TP2: 2920 Done

Hit max +160 pips from 2909
Congratulations on your big profit!

12 Mar

İşlem kapandı: hedefe ulaştı

Hit + 50 pips from Sell 2928
Successful plan

13 Mar

Not

achieve the original goal