Dow Theory has formed, continue to increase, target 3397

🔔🔔🔔Gold news:
➡️Gold prices surged from the 3350 area to around $3,375, supported by renewed selling pressure on the U.S. dollar following the release of disappointing ADP and PMI data from the United States.
➡️Meanwhile, U.S. President Donald Trump and Chinese President Xi Jinping continued to trade accusations. Trump said it would be "extremely difficult" for Xi to reach a deal, while Chinese Foreign Minister Wang Yi urged the U.S. to "meet China halfway."
Personal opinion:
➡️ Gold prices will continue to rise after bad news from the U.S. economy. In addition, President Trump's move to increase tariffs further complicates the situation.
➡️ Analysis based on important support resistance and Fibonacci levels combined with Dow Theory to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3365 - 3368
❌SL: 3361 | ✅TP: 3372 – 3377
👉Sell Gold 3400 - 3397 (Scalping)
❌SL: 3404 | ✅TP: 3393 – 3389
FM wishes you a successful trading day 💰💰💰
➡️Gold prices surged from the 3350 area to around $3,375, supported by renewed selling pressure on the U.S. dollar following the release of disappointing ADP and PMI data from the United States.
➡️Meanwhile, U.S. President Donald Trump and Chinese President Xi Jinping continued to trade accusations. Trump said it would be "extremely difficult" for Xi to reach a deal, while Chinese Foreign Minister Wang Yi urged the U.S. to "meet China halfway."
Personal opinion:
➡️ Gold prices will continue to rise after bad news from the U.S. economy. In addition, President Trump's move to increase tariffs further complicates the situation.
➡️ Analysis based on important support resistance and Fibonacci levels combined with Dow Theory to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3365 - 3368
❌SL: 3361 | ✅TP: 3372 – 3377
👉Sell Gold 3400 - 3397 (Scalping)
❌SL: 3404 | ✅TP: 3393 – 3389
FM wishes you a successful trading day 💰💰💰
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Channel: signals - knowledge and FOREX comments
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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.