Gold update :
Gold remains under pressure as strong US PPI and CPI data continue to support the Fed’s higher-for-longer interest rate outlook.
At the same time, the ongoing strength of the USD and rising US Treasury yields are limiting gold’s upside momentum today.
In addition, India’s move to increase gold import taxes is also adding pressure to gold prices in the near term.
Personal opinion:
Gold price is currently consolidating within a tight range and preparing for a strong volatility move ahead. Any breakout beyond the trendline could trigger a powerful bullish or bearish movement following that direction.
The bullish momentum of the USD has not weakened yet, which means gold may continue facing pressure and remain bearish for the rest of today.
Personal Plan:
🔆 Price Zone Setup:
👉 Sell Limit Gold 4747 – 4752 (Scalping)
❌ SL: 4757 | ✅ TP: 4742 – 4732 – 4710
👉 Buy Limit Gold 4643 – 4638 (Scalping)
❌ SL: 4633 | ✅ TP: 4648 – 4660 – 4675
Wishing you a successful trading day 💰
Gold remains under pressure as strong US PPI and CPI data continue to support the Fed’s higher-for-longer interest rate outlook.
At the same time, the ongoing strength of the USD and rising US Treasury yields are limiting gold’s upside momentum today.
In addition, India’s move to increase gold import taxes is also adding pressure to gold prices in the near term.
Personal opinion:
Gold price is currently consolidating within a tight range and preparing for a strong volatility move ahead. Any breakout beyond the trendline could trigger a powerful bullish or bearish movement following that direction.
The bullish momentum of the USD has not weakened yet, which means gold may continue facing pressure and remain bearish for the rest of today.
Personal Plan:
🔆 Price Zone Setup:
👉 Sell Limit Gold 4747 – 4752 (Scalping)
❌ SL: 4757 | ✅ TP: 4742 – 4732 – 4710
👉 Buy Limit Gold 4643 – 4638 (Scalping)
❌ SL: 4633 | ✅ TP: 4648 – 4660 – 4675
Wishing you a successful trading day 💰
Сделка активна
The Asian session is seeing a sharp drop in gold prices.Сделка закрыта: достигнута тейк-профит цена
complete the original plan
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.