โค๏ธMY FOREX TEAMโค๏ธ
INFORMATION
Gold price continues to rise amid growing geopolitical tensions. Gold prices hit record highs above $2,350 even as rate cut bets ease. A rally in gold persisted even as technical indicators showed the yellow metal was squarely in overbought territory.
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โค๏ธMY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
โค๏ธNOTE
Gold price soars, supported by weakening US Dollar in face of high Treasury yields.
XAU/USD was boosted by Fed Chair Powell hinting at rate cuts within the year, contingent on sustained inflation decline.
Despite a strong job market as shown by ADP data, indications of a slowdown in services activity contribute to the precious metal's gains.
โค๏ธMONEY CAPITAL MANAGEMENT
โก๏ธ Only Trade With Risk Capital
โก๏ธ Cut Losses Short, Let Profits Run On
โก๏ธ Avoid Using Too Much Leverage
โก๏ธ Avoid Taking Too Much Heat
โก๏ธ Do Not Give in to Greed
โก๏ธ Take profit equal to 4-6% of your capital
โก๏ธ Stop lose equal to 2-3% of your capital