Gold news:
️ Gold prices extended their earlier recovery to trade near $3,100 in the Asian session on Thursday. Safe-haven demand amid escalating trade tensions between the United States and China provided some support for the precious metal. The selling of the US Dollar (USD) remained unabated amid the prospect of multiple Fed rate cuts in 2025 and continued to benefit Gold prices
Personal opinion:
️ The main uptrend of gold has returned and the deep correction has ended. So it is safer for you to wait for technical pullbacks to buy at good prices
️ Analysis based on important resistance – support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Plan:
Price Zone Setup:
Sell Gold 3138 – 3140
SL: 3145 | TP: 3133– 3128 – 3123
Buy Gold 3100 – 3102
SL: 3095 | TP: 3107– 3113 – 3123
FM wishes you a successful trading day