Retest price zone 3620 and continue to increase

Sep 11

🔔🔔🔔Gold news:

➡️ The US producer price index (PPI) fell 0.1% month-on-month in August, bolstering expectations that the Federal Reserve will cut interest rates next week, although the data is not enough to justify a more aggressive cut.

➡️ Gold continues to be supported by a number of fundamental factors. A broad-based weakening of the US dollar (USD) is making the precious metal more attractive to foreign buyers.

➡️ Central banks continue to buy gold, emphasizing its role as a strategic asset. Meanwhile, escalating trade tensions over US tariff policies, along with ongoing geopolitical risks, are boosting demand for safe-haven assets.

Personal opinion:
➡️ The upward trend in gold prices remains solid and there is no clear sign of a reversal. If there is a decline, it will be short-term.

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

Personal Plan:
🔆Price Zone Setup:

👉Buy Gold 3620 - 3623
❌SL: 3616 | ✅TP: 3628 - 3633 – 3638

👉Sell Gold 3665 - 3668 (Scalping)
❌SL: 3672 | ✅TP: 3661 - 3656

FM wishes you a successful trading day 💰💰💰

Sep 11

Trade active

personal plan:
Hit more + 150 pips from Buy 3622.7
setup successful