Gold trend in European and American sessions

10 Mar

🔔🔔🔔Gold news:

👉DXY bounced sharply in the Asian and European sessions after falling to 103.47, the lowest level since 5/11/2024.

👉There is no news today to motivate gold so the price may run in the range of 2890 - 2930

👉RSI (1H) is entering the overbought zone, watch this area closely to create a buy order at a good price.

👉The US 10-year bond yield is down 1.81% at the moment so it may be the driving force for gold to increase again.

Analysis:
👉Based on important support resistance levels and pivot points standard combined with trend lines to come up with a suitable strategy

resistance zone: 2928 - 2908
support zone: 2894 – 2882 – 2870

Plan:
🔆Price Zone Setup:

👉Buy Gold 2.894 – 2.896
❌SL: 2.887 | ✅TP: 2.900 – 2.905 – 2.908
👉Sell Gold 2.927 – 2.929
❌SL: 2.934 | ✅TP: 2.923 – 2.918 – 2.911

FM wishes you a successful trading day 💰💰💰

10 Mar

İşlem aktif

Congrats if you follow FM plan
hit +90 pips from 2896.
profit for you