Bullish flag pattern appears, heading towards 3700
🔔🔔🔔Gold news:
➡️ Gold (XAU/USD) started the week on a positive note, breaking out of last week's consolidation after hitting an all-time high near $3,690 on Tuesday. The move showed renewed buying interest as traders remained cautious ahead of a crucial week of policy decisions by major central banks.
➡️ Market attention is focused on the Federal Reserve's interest rate announcement this week, with a 25 basis point cut widely expected.
➡️ In addition, escalating geopolitical tensions in Russia-Ukraine and the Middle East continue to support gold, which is considered a safe-haven metal.
Personal opinion:
➡️ The 1-hour RSI is diverging, which is a reversal signal. However, the uptrend remains strong. At the same time, the appearance of a bull flag pattern is a sign of a strong uptrend. If the price does not break clearly below 3675, the uptrend will continue, heading towards 3700 and possibly beyond.
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3654 - 3657
❌SL: 3650 | ✅TP: 3662 - 3667 – 3672
👉Sell Gold 3697 - 3700
❌SL: 3705 | ✅TP: 3693 - 3688 – 3683
FM wishes you a successful trading day 💰💰💰
➡️ Gold (XAU/USD) started the week on a positive note, breaking out of last week's consolidation after hitting an all-time high near $3,690 on Tuesday. The move showed renewed buying interest as traders remained cautious ahead of a crucial week of policy decisions by major central banks.
➡️ Market attention is focused on the Federal Reserve's interest rate announcement this week, with a 25 basis point cut widely expected.
➡️ In addition, escalating geopolitical tensions in Russia-Ukraine and the Middle East continue to support gold, which is considered a safe-haven metal.
Personal opinion:
➡️ The 1-hour RSI is diverging, which is a reversal signal. However, the uptrend remains strong. At the same time, the appearance of a bull flag pattern is a sign of a strong uptrend. If the price does not break clearly below 3675, the uptrend will continue, heading towards 3700 and possibly beyond.
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3654 - 3657
❌SL: 3650 | ✅TP: 3662 - 3667 – 3672
👉Sell Gold 3697 - 3700
❌SL: 3705 | ✅TP: 3693 - 3688 – 3683
FM wishes you a successful trading day 💰💰💰
Operación activa
My personal plan:
Sell zone 3697- 3700 worked well
Maximum profit possible + 250 pips
Successful setup
Operación cerrada: objetivo alcanzado
Complete the original plan
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.