🔔🔔🔔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 attivo
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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.