hold in 3190 - 3250 zone and wait for trade talks

20 May

🔔🔔🔔Gold news:

➡️ Gold prices returned to near the $3,200 level early Tuesday after once again failing to break through the $3,250 resistance. The decline in gold may be tied to a modest rebound in the US dollar, as traders await upcoming US trade talks for new directional cues.

➡️ Moody's downgraded the US sovereign credit rating by one notch on Friday, from the top-tier "Aaa" to "Aa1", weakening the so-called "US brand." Investors remain cautious about the country's long-term fiscal outlook, which is helping to limit gold's downside in the short term.

Personal opinion:
➡️ Gold prices will maintain a slight increase today in the 3190 - 3250 range, with no important economic data today, so gold prices are still being boosted by the US credit rating.

➡️ Note: Trade war is still the focus, so keep a close eye on the latest information

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

Personal Plan:
🔆Price Zone Setup:

👉Buy Gold 3189 - 3192
❌SL: 3185 | ✅TP: 3196 - 3200 – 3205

👉Sell Gold 3249 - 3252
❌SL: 3255 | ✅TP: 3244 - 3245 – 3240

FM wishes you a successful trading day 💰💰💰

20 May

İşlem aktif

Gold price is going according to plan
My personal Sell price range is 3249-3252

20 May

İşlem kapandı: hedefe ulaştı

Personal plan:
Hit + 175 pips from sell 3251
Big profit