The correction appears to prepare for a stronger uptrend.

21 Nis

🔔🔔🔔Gold news:

➡️ Spot gold traded as high as $3,430.36 on Monday, gaining strength as the US Dollar (USD) continued to weaken. Market participants remain increasingly distrustful of the greenback amid ongoing decisions by US President Donald Trump.

➡️ After launching trade wars with nearly all of America's major trading partners, Trump has turned his attention to a new target: Federal Reserve Chair Jerome Powell. Last Thursday, the President voiced frustration over Powell’s slow approach to cutting interest rates and even called for his dismissal, stating that “firing Powell couldn’t come soon enough.”

Personal opinion:
➡️ The current main trend still maintains strong upward momentum for gold.

➡️ However, RSI is showing signs of divergence after entering the overbought zone. Therefore, there will be a phase of decline to gain stronger momentum

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

Plan:
🔆Price Zone Setup:

👉Buy XAU/USD 3392 - 3394 (Scalping)
❌SL: 3388 | ✅TP: 3398 - 3405- 3412

👉Buy XAU/USD 3360 - 3363
❌SL: 3355| ✅TP: 3370 - 3380 - 3390

👉Sell XAU/USD 3428 - 3430
❌SL: 3435| ✅TP: 3423 – 3418 - 3410

FM wishes you a successful trading day 💰💰💰

22 Nis

İşlem aktif

check gold
hit + 120 pips from sell 3430
congratulation

Gold Continues to Break Trend Line and Create New ATH in Asian Session
Current Price 3453

Update plan
Sell Gold 3455-3458
SL 3462
TP: 3450 -3445-3440

22 Nis

Not

Check again
Hit + 120 pips from sell 3455
Great

22 Nis

İşlem kapandı: hedefe ulaştı

Both sell plans were a huge success, congratulations everyone
Follow FM for more profits