Bullish flag pattern appears, heading towards 3700

6일 전

🔔🔔🔔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 💰💰💰

5일 전

액티브 트레이드

My personal plan:

Sell zone 3697- 3700 worked well

Maximum profit possible + 250 pips

Successful setup

5일 전

거래청산: 타겟 닿음

Complete the original plan