Strong support zone at 3347, continue uptrend

3 Haz

🔔🔔🔔Gold news:

➡️ Gold prices remain negative as a healthy recovery in the USD outweighs the weaker risk sentiment. The intraday decline was supported by some US dollar buying, which tends to weaken demand for the commodity.

Personal opinion:

➡️ Despite the decline, this could be a profit-taking action by buyers. Gold prices are still supported by many factors, so it will be difficult for them to fall further.

➡️ Note: US-China trade tensions have returned, so it is advisable to carefully consider the moves of both sides

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

Personal plan:
🔆Price Zone Setup:

👉Sell Gold 3410 - 3413
❌SL: 3417 | ✅TP: 3406 - 3401 – 3396

👉Buy Gold 3346 - 3349
❌SL: 3342 | ✅TP: 3353 - 3358 – 3363

FM wishes you a successful trading day 💰💰💰

3 Haz

İşlem aktif

personal plan:
Hit +70 pips from Buy 3349.1
setup successful