Gold Slightly Decreased Due to USD Adjustment, Waiting for FOMC
🔔🔔🔔Gold news:
➡️ The US dollar is trading higher as investors reposition ahead of the key two-day FOMC policy meeting starting later today, which is weighing on gold prices. However, the dollar's upside remains limited due to lingering skepticism about its strength.
➡️ The Federal Reserve is widely expected to keep interest rates unchanged, amid concerns that Trump-era tariffs could drive consumer prices higher. Still, expectations for a rate cut in September are gaining momentum. As a result, the accompanying policy statement and Fed Chair Jerome Powell's remarks during the post-meeting press conference will be closely scrutinized for clues about the central bank's future rate-cut trajectory.
Personal opinion:
➡️ The USD is showing signs of recovery, which could lead to a short-term decline in gold prices. However, this pullback is likely to be temporary, as there is no strong catalyst to drive a sustained drop in gold. Investors are now awaiting the outcome of the FOMC meeting to gain clearer insight into the upcoming market direction.
➡️ Analysis based on support resistance levels and Fibonacci combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3344 - 3347
❌SL: 3340 | ✅TP: 3352 - 3357 – 3365
👉Sell Gold 3395 - 3398 (Scalping)
❌SL: 3402 | ✅TP: 3391 - 3386
FM wishes you a successful trading day 💰💰💰
➡️ The US dollar is trading higher as investors reposition ahead of the key two-day FOMC policy meeting starting later today, which is weighing on gold prices. However, the dollar's upside remains limited due to lingering skepticism about its strength.
➡️ The Federal Reserve is widely expected to keep interest rates unchanged, amid concerns that Trump-era tariffs could drive consumer prices higher. Still, expectations for a rate cut in September are gaining momentum. As a result, the accompanying policy statement and Fed Chair Jerome Powell's remarks during the post-meeting press conference will be closely scrutinized for clues about the central bank's future rate-cut trajectory.
Personal opinion:
➡️ The USD is showing signs of recovery, which could lead to a short-term decline in gold prices. However, this pullback is likely to be temporary, as there is no strong catalyst to drive a sustained drop in gold. Investors are now awaiting the outcome of the FOMC meeting to gain clearer insight into the upcoming market direction.
➡️ Analysis based on support resistance levels and Fibonacci combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3344 - 3347
❌SL: 3340 | ✅TP: 3352 - 3357 – 3365
👉Sell Gold 3395 - 3398 (Scalping)
❌SL: 3402 | ✅TP: 3391 - 3386
FM wishes you a successful trading day 💰💰💰
Dagangan aktif
personal plan:
Hit max profit + 200 pips from Sell 3398
setup successful
Dagangan ditutup: sasaran tercapai
Price touched 3347.5 and bounced to 3371.
didn't match the buy zone of 3347. What a pity
Anyway, the plan is still on track
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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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.