🔔🔔🔔Gold news:
➡️ Gold (XAU/USD) fell 2% after reaching a record high of $4,379 earlier on Friday, dropping below $4,250 as Trump’s dovish tone strengthened the U.S. dollar.
➡️ The yield on the U.S. 10-year Treasury rose by three basis points, further weighing on non-yielding assets like gold.
Personal views:
➡️ Gold is likely to experience another correction early next week following its strong rally this week. However, the overall uptrend remains intact as key bullish factors — including trade tensions, the potential U.S. government shutdown, and expectations of a Fed rate cut — continue to support the metal.
➡️ Analysis based on support, resistance levels and trend lines combined with Fibonacci to come up with an appropriate strategy
Resistance zone: 4270, 4316
Support zone: 4204, 4105
FM wishes you a successful trading day 💰💰💰
➡️ Gold (XAU/USD) fell 2% after reaching a record high of $4,379 earlier on Friday, dropping below $4,250 as Trump’s dovish tone strengthened the U.S. dollar.
➡️ The yield on the U.S. 10-year Treasury rose by three basis points, further weighing on non-yielding assets like gold.
Personal views:
➡️ Gold is likely to experience another correction early next week following its strong rally this week. However, the overall uptrend remains intact as key bullish factors — including trade tensions, the potential U.S. government shutdown, and expectations of a Fed rate cut — continue to support the metal.
➡️ Analysis based on support, resistance levels and trend lines combined with Fibonacci to come up with an appropriate strategy
Resistance zone: 4270, 4316
Support zone: 4204, 4105
FM wishes you a successful trading day 💰💰💰
Trade active
The plan is still on track, price reacted around the resistance zone 4270 and fell
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.