sideways at 3300 - waiting for impetus from FOMC meeting minutes

28 May

🔔🔔🔔Gold news:

➡️ Gold appears to be edging higher on the day, reaching a new intraday peak around $3,323–$3,324 during the first half of the European session. Investor sentiment remains cautious amid ongoing concerns over U.S. President Donald Trump’s trade tariffs, U.S. fiscal uncertainty, and rising geopolitical tensions.

➡️ However, optimism surrounding potential progress in U.S.-EU trade negotiations is limiting further upside for gold.

Personal opinion:
Both bulls and bears lack the momentum to push gold prices up. Therefore, gold prices will remain in the 3300 area and wait for new signals from the FOMC meeting minutes

➡️ Analysis based on important support and resistance levels combined with EMA and trend lines to come up with suitable strategies

Personal plan:
🔆Price Zone Setup:

👉Sell Gold 3339 - 3341
❌SL: 3345 | ✅TP: 3335 - 3330

👉Buy Gold 3294 - 3297 (Scalping)
❌SL: 3290 | ✅TP: 3302 - 3307

FM wishes you a successful trading day 💰💰💰

28 May

İşlem aktif

Personal plan (Scalping)
Hit + 55 pips from Buy 3295.2
setup successful