Slight decline and continued uptrend

16 Haz

🔔🔔🔔Gold news:

➡️ Gold is struggling to build on last week's rally that pushed it to a two-month high. A positive risk sentiment and a modest rebound in the US Dollar are acting as headwinds for the XAU/USD pair. However, trade uncertainties and geopolitical risks are likely to limit the downside for the precious metal ahead of the upcoming FOMC meeting.

Personal opinion:
➡️Gold is having a phase of decline after being overbought. However, this decline is only temporary and will not last long because there are many factors supporting the gold price increase.

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

Personal plan:
🔆Price Zone Setup:

👉Buy Gold 3393 - 3396
❌SL: 3189 | ✅TP: 3400 - 3405 – 3410

👉Sell Gold 3451 - 3448
❌SL: 3455 | ✅TP: 3444 - 3439 – 3434

FM wishes you a successful trading day 💰💰💰

16 Haz

İşlem aktif

trend is still going according to plan