🔔🔔🔔Gold news:
➡️ Gold (XAU/USD) started the week on a positive note, breaking out of last week's consolidation after hitting an all-time high near $3,690 on Tuesday. The move showed renewed buying interest as traders remained cautious ahead of a crucial week of policy decisions by major central banks.
➡️ Market attention is focused on the Federal Reserve's interest rate announcement this week, with a 25 basis point cut widely expected.
➡️ In addition, escalating geopolitical tensions in Russia-Ukraine and the Middle East continue to support gold, which is considered a safe-haven metal.
Personal opinion:
➡️ The 1-hour RSI is diverging, which is a reversal signal. However, the uptrend remains strong. At the same time, the appearance of a bull flag pattern is a sign of a strong uptrend. If the price does not break clearly below 3675, the uptrend will continue, heading towards 3700 and possibly beyond.
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3654 - 3657
❌SL: 3650 | ✅TP: 3662 - 3667 – 3672
👉Sell Gold 3697 - 3700
❌SL: 3705 | ✅TP: 3693 - 3688 – 3683
FM wishes you a successful trading day 💰💰💰
➡️ Gold (XAU/USD) started the week on a positive note, breaking out of last week's consolidation after hitting an all-time high near $3,690 on Tuesday. The move showed renewed buying interest as traders remained cautious ahead of a crucial week of policy decisions by major central banks.
➡️ Market attention is focused on the Federal Reserve's interest rate announcement this week, with a 25 basis point cut widely expected.
➡️ In addition, escalating geopolitical tensions in Russia-Ukraine and the Middle East continue to support gold, which is considered a safe-haven metal.
Personal opinion:
➡️ The 1-hour RSI is diverging, which is a reversal signal. However, the uptrend remains strong. At the same time, the appearance of a bull flag pattern is a sign of a strong uptrend. If the price does not break clearly below 3675, the uptrend will continue, heading towards 3700 and possibly beyond.
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3654 - 3657
❌SL: 3650 | ✅TP: 3662 - 3667 – 3672
👉Sell Gold 3697 - 3700
❌SL: 3705 | ✅TP: 3693 - 3688 – 3683
FM wishes you a successful trading day 💰💰💰
Trade active
My personal plan:
Sell zone 3697- 3700 worked well
Maximum profit possible + 250 pips
Successful setup
Trade closed: target reached
Complete the original plan
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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.