Gold Trend in US Trading Session, ATH 3000?

kelmarin

• Gold news:

🔆Gold is still on track to break its own new ATH and shows no signs of stopping, as the rally is being driven by the fact that Gold prices are finding support as trade tensions escalate following US President Donald Trump’s announcement on Wednesday that heavy tariffs on a range of products will be imposed next month or even sooner.

🔆The US dollar is struggling to sustain its recent rally as US Treasury yields fall, further boosting demand for the safe-haven metal.

🔆In addition, the minutes of the January FOMC meeting released on Wednesday showed that officials saw significant uncertainty, warranting a cautious approach to any potential rate cuts.

🔆Gold purchasing power remains undiminished amid rising global trade tensions

Personal opinion:

🔆Gold price will continue to increase in the coming time, so watch for pullbacks to prioritize buying gold in the short term

Analysis:

🔆Based on the trend line combined with information about the tariff war between the United States and related countries.

Plan:

🔆Price Zone Setup:

👉Sell Gold 2969 -2971 (European session)
❌SL: 2976 | ✅TP: 2963 - 2957 – 2951


👉Buy Gold 2950 -2948
❌SL: 2944 | ✅TP: 2955 - 2960 – 2968

kelmarin

Dagangan aktif

Hit + 50 pips from 2950,
Your profit if you follow FM's plan