๐Ÿ† XAUUSD ๐Ÿ† โœ…Two week high

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โค๏ธMY FOREX TEAMโค๏ธ

INFORMATION

Gold price hangs near multi-day low, downside remains limited amid modest USD weakness.


๐Ÿ’ฒBUY GOLD 2009-2013 ๐Ÿ’ฒ

SL @ 2003

TP 1 @ 2016
TP 2 @ 2025
TP 3 @ 2030
TP 3 @ 2038

๐Ÿ’ฒSELL GOLD 2035-2040 ๐Ÿ’ฒ

SL @ 2045

TP 1 @ 2034
TP 2 @ 2025
TP 3 @ 2020

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โค๏ธMY FOREX TEAM - Technical Analysis

Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS

โค๏ธNOTE

Gold price retreats further from a nearly two-week high amid the Fed's hawkish outlook.
The risk-on mood also undermines the XAU/USD, though geopolitical risks limit losses.
A subdued USD price action also warrants caution before placing aggressive bearish bets.

โค๏ธMONEY CAPITAL MANAGEMENT

โšก๏ธ Only Trade With Risk Capital
โšก๏ธ Cut Losses Short, Let Profits Run On
โšก๏ธ Avoid Using Too Much Leverage
โšก๏ธ Avoid Taking Too Much Heat
โšก๏ธ Do Not Give in to Greed
โšก๏ธ Take profit equal to 4-6% of your capital
โšก๏ธ Stop lose equal to 2-3% of your capital
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