💯GOLDEN PLAN DAILY November 17
👉 Gold prices increased today as they were boosted by falling US Treasury bond yields amid the prospect that the US Federal Reserve (Fed) has completed its interest rate hike cycle and will proceed with interest rate cuts. in the spring of the following year increased even more.
👉 Last night when the number of applications for unemployment benefits increased from 217K last week to 231K.Wal-Mart also warned that sales experienced a "sharp decline" in the last two weeks of October, suggesting consumers are slowing down. The CEO also said he sees possible deflation in the coming months.
The Philadelphia Fed manufacturing index was stronger than expected but expectations fell sharply and price figures were weaker. That has led to widespread weakness in the US dollar.
👉 Signs of slowing inflation have prompted investors to bet that the Fed is done raising interest rates. Lower interest rates will increase the appeal of non-interest-bearing assets like gold.
👉 TECHNICAL COMMENTARY: Gold is continuing to move in a strong upward price channel. In the short term, the price can still continue to increase to 2000. Today I will prioritize Buy orders when the price touches bifo 0.618 and the CP + support zone is at 1972
📌Trading plan:
🔽 Sell Gold Entry: 1991 - 1993
SL 1996
TP 1984 -1972
🔼 Buy Gold Entry: 1972 -1970
Sl 1967
TP 1979 – 1984 – 1993 -2000
👉 Gold prices increased today as they were boosted by falling US Treasury bond yields amid the prospect that the US Federal Reserve (Fed) has completed its interest rate hike cycle and will proceed with interest rate cuts. in the spring of the following year increased even more.
👉 Last night when the number of applications for unemployment benefits increased from 217K last week to 231K.Wal-Mart also warned that sales experienced a "sharp decline" in the last two weeks of October, suggesting consumers are slowing down. The CEO also said he sees possible deflation in the coming months.
The Philadelphia Fed manufacturing index was stronger than expected but expectations fell sharply and price figures were weaker. That has led to widespread weakness in the US dollar.
👉 Signs of slowing inflation have prompted investors to bet that the Fed is done raising interest rates. Lower interest rates will increase the appeal of non-interest-bearing assets like gold.
👉 TECHNICAL COMMENTARY: Gold is continuing to move in a strong upward price channel. In the short term, the price can still continue to increase to 2000. Today I will prioritize Buy orders when the price touches bifo 0.618 and the CP + support zone is at 1972
📌Trading plan:
🔽 Sell Gold Entry: 1991 - 1993
SL 1996
TP 1984 -1972
🔼 Buy Gold Entry: 1972 -1970
Sl 1967
TP 1979 – 1984 – 1993 -2000
Commento:
the waiting zone never disappoints me🎖️ + 50 pip form entry 1993!
