Create a double bottom pattern,increase and retest the 337x area

15 Jul

🔔🔔🔔Gold news:

➡️ Gold jumped to nearly $3,350 in early Asian trading on Tuesday, supported by increased safe-haven demand after US President Donald Trump threatened to impose 100% tariffs on Russian goods. Market focus now shifts to upcoming US Consumer Price Index (CPI) inflation data, due later on Tuesday.

➡️ Geopolitical tensions could continue to support gold's safe-haven appeal in the short term.

➡️ However, the Fed's cautious stance could weigh on the precious metal. Fed Chairman Jerome Powell noted that inflation is expected to pick up this summer due to tariffs, which could prompt the central bank to delay a rate hike until later in the year.

Personal opinion:
➡️ Gold prices will continue to rise back to the 337x region and await US CPI news. This is important news that affects the upcoming FED interest rate decision

➡️ Analysis based on support resistance levels and EMA combined with price action to come up with a suitable strategy

Personal Plan:
🔆Price Zone Setup:

👉Sell Gold 3387 - 3390
❌SL: 3394 | ✅TP: 3383 - 3378 – 3373

👉Sell Gold 3371 - 3374 (Scalping)
❌SL: 3378 | ✅TP: 3367 - 3362 – 3357

👉Buy Gold 3332 - 3335 (Scalping)
❌SL: 3328 | ✅TP: 3338 - 3344 – 3349


FM wishes you a successful trading day 💰💰💰

16 Jul

Dagangan aktif

Personal plan:
Hit + 180 pips from Buy 3334
Setup successfull

16 Jul

Dagangan ditutup: sasaran tercapai

personal plan :
Hit max profit + 380 pips from Sell 3374
Great

Both Buy and Sell have big profits