PLAN Scalping :11 February , 2025
Gold News:
Gold’s price (XAU/USD) reached a new all-time high of $2,942 in early Tuesday trading before retreating and erasing most of its gains for the day. Meanwhile, U.S. President Donald Trump has implemented a 25% tariff on steel and aluminum imports from all countries, effective March 12. In response, China has quietly introduced retaliatory tariffs on certain U.S. goods. However, China has only taken limited action so far and has not escalated the situation significantly, while Trump has yet to enforce the 60% tariffs on all Chinese products that he had previously pledged during his campaign, according to Bloomberg.
Personal opinion:
A price correction is inevitable, the short and long term trend is still in an uptrend, the price zones of 2900 and 2888 are being watched for the bulls to continue pushing the price up.
Technical analysis:
🔆Based on Fibonacci combined with Resistance - Support Zones and Trend Lines
Plan: Scalping today
🔆Price Zone Setup:
👉Buy Gold 2898 -2896
❌SL: 2892 | ✅TP: 2902 - 2906 – 2910
Thank you for reading my comment: "FM
Gold News:
Gold’s price (XAU/USD) reached a new all-time high of $2,942 in early Tuesday trading before retreating and erasing most of its gains for the day. Meanwhile, U.S. President Donald Trump has implemented a 25% tariff on steel and aluminum imports from all countries, effective March 12. In response, China has quietly introduced retaliatory tariffs on certain U.S. goods. However, China has only taken limited action so far and has not escalated the situation significantly, while Trump has yet to enforce the 60% tariffs on all Chinese products that he had previously pledged during his campaign, according to Bloomberg.
Personal opinion:
A price correction is inevitable, the short and long term trend is still in an uptrend, the price zones of 2900 and 2888 are being watched for the bulls to continue pushing the price up.
Technical analysis:
🔆Based on Fibonacci combined with Resistance - Support Zones and Trend Lines
Plan: Scalping today
🔆Price Zone Setup:
👉Buy Gold 2898 -2896
❌SL: 2892 | ✅TP: 2902 - 2906 – 2910
Thank you for reading my comment: "FM
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Channel: signals - knowledge and FOREX comments
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.