What is the main driver of XAUUSD right now?
Gold News:
🔆Senior officials from the US and Russia are scheduled to meet to explore ways to end the conflict in Ukraine. Although there is hope for a peace agreement between Russia and Ukraine, caution remains as decisions might be made without Ukraine and European leaders being involved.
🔆French President Emmanuel Macron called an emergency summit on Ukraine on Monday after reports suggested that Europe could be excluded from talks in Saudi Arabia this week, which aim to resolve the conflict.
🔆The cautious market mood has increased demand for the safe-haven US Dollar (USD), limiting gains in Gold prices. Moreover, US Federal Reserve (Fed) officials urging caution regarding inflation and interest rate cuts have supported the USD's rise along with US Treasury bond yields.
🔆On Monday, Fed Governor Michelle Bowman indicated that rising asset prices might have slowed the Fed's progress on controlling inflation. Similarly, Fed Governor Christopher Waller stated that inflation has decreased at a painfully slow pace over the past year and suggested that rate cuts might be appropriate in 2025 if inflation follows a similar trend in 2024.
🔆Meanwhile, the outcome of discussions between the Kremlin and Washington is expected to be the main market driver, particularly as US traders return after a long weekend. If the negotiations fail, increased risk aversion could boost demand for Gold as a safe-haven asset, potentially driving its price higher alongside the US Dollar.
Personal Opinion:
🔆Trump and other countries' tariff policies have eased. The current concern is the developments surrounding the negotiations between the Kremlin and Washington. The USD is expected to strengthen and weaken the bullish momentum of Gold, and await the statements of President Trump
Analysis:
🔆Based on important Resistance - Support zones and 200 EMA combined with consideration based on political developments
Plan:
🔆Price Zone Setup:
👉Buy Gold 2844 - 2846
❌SL: 2839 | ✅TP: 2853 - 2860 – 2870
👉Sell Gold 2917 -2920 ( European session)
❌SL: 2926 | ✅TP: 2910 - 2902– 2890
👉Sell Gold 2943 -2945
❌SL: 2951 | ✅TP: 2938 - 2930– 2930
FM wishes you a successful trading day đź’°đź’°đź’°
🔆Senior officials from the US and Russia are scheduled to meet to explore ways to end the conflict in Ukraine. Although there is hope for a peace agreement between Russia and Ukraine, caution remains as decisions might be made without Ukraine and European leaders being involved.
🔆French President Emmanuel Macron called an emergency summit on Ukraine on Monday after reports suggested that Europe could be excluded from talks in Saudi Arabia this week, which aim to resolve the conflict.
🔆The cautious market mood has increased demand for the safe-haven US Dollar (USD), limiting gains in Gold prices. Moreover, US Federal Reserve (Fed) officials urging caution regarding inflation and interest rate cuts have supported the USD's rise along with US Treasury bond yields.
🔆On Monday, Fed Governor Michelle Bowman indicated that rising asset prices might have slowed the Fed's progress on controlling inflation. Similarly, Fed Governor Christopher Waller stated that inflation has decreased at a painfully slow pace over the past year and suggested that rate cuts might be appropriate in 2025 if inflation follows a similar trend in 2024.
🔆Meanwhile, the outcome of discussions between the Kremlin and Washington is expected to be the main market driver, particularly as US traders return after a long weekend. If the negotiations fail, increased risk aversion could boost demand for Gold as a safe-haven asset, potentially driving its price higher alongside the US Dollar.
Personal Opinion:
🔆Trump and other countries' tariff policies have eased. The current concern is the developments surrounding the negotiations between the Kremlin and Washington. The USD is expected to strengthen and weaken the bullish momentum of Gold, and await the statements of President Trump
Analysis:
🔆Based on important Resistance - Support zones and 200 EMA combined with consideration based on political developments
Plan:
🔆Price Zone Setup:
👉Buy Gold 2844 - 2846
❌SL: 2839 | ✅TP: 2853 - 2860 – 2870
👉Sell Gold 2917 -2920 ( European session)
❌SL: 2926 | ✅TP: 2910 - 2902– 2890
👉Sell Gold 2943 -2945
❌SL: 2951 | ✅TP: 2938 - 2930– 2930
FM wishes you a successful trading day đź’°đź’°đź’°
Dagangan aktif
Missed 10 pips to enter the order from 2917
And missed 60 pips of profit
what a pity
Dagangan ditutup: sasaran tercapai
If you hold the order during the European trading session, you will make a profit of 40 pips.
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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.
âś… t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.