Gold trend in Eur and US sessions -Decline and increase again

31 Mar

💢💢💢Gold news:

➡️ Gold (XAU/USD) continues its upward trend during the first half of the European trading session on Monday, currently hovering near its all-time high just above $3,120. Uncertainty surrounding former U.S. President Donald Trump's so-called reciprocal tariffs, along with growing fears of a U.S. economic recession and geopolitical risks, continue to weigh on investor sentiment. The risk-off mood is evident in the generally weaker tone of the stock markets, driving the safe-haven precious metal higher for the third consecutive day.

➡️However, bullish traders may take a breather amid overbought conditions on the daily chart and ahead of key U.S. macroeconomic releases later this week.

Personal opinion:
➡️ In general, in the long term, the main trend of gold is still increasing and shows no signs of stopping. Therefore, waiting for the time when gold declines technically to buy at a good price is a reasonable measure

➡️ Currently, gold is having a technical adjustment after RSI entered the overbought zone and decreased again

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

Plan:
🔆Price Zone Setup:

👉 Buy XAU/USD 3100 - 3102
❌SL: 3095 | ✅TP: 3106 - 3112 - 3118

👉 Sell XAU/USD 3129 - 3132
❌SL: 3136 | ✅TP: 3125 - 3120 - 3115

FM wishes you a successful trading day 💰💰💰

31 Mar

İşlem aktif

Check gold
HIt + 140 pips from Buy 3100
Great Buy

congratulation

1 Nis

İşlem kapandı: hedefe ulaştı

The plan is on track.