Gold news:
️Gold prices declined for a third consecutive day on Friday amid a combination of bearish factors. Optimism surrounding the US-UK trade deal and upcoming US-China negotiations weakened demand for safe-haven assets. Meanwhile, the Federal Reserve’s hawkish pause boosted the US Dollar to its highest level in weeks, adding further pressure on the XAU/USD pair.
Personal opinion:
️ Gold prices show a more gradual correction after breaking down the over-weighted price zones, and will continue to maintain this selling pressure in the short term. and wait for the market’s reaction tomorrow to the US-China trade talks
️Analysis based on important resistance – support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal plan:
Price Zone Setup:
Sell Gold 3324 – 3327
SL: 3331 | TP: 3320 -3315- 3310
Sell Gold 3223 – 3226
SL: 3219 | TP: 3230 -3235- 3240
FM wishes you a successful trading day