âĪïļMY FOREX TEAMâĪïļ
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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âĪïļMY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
âĪïļNOTE
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.
âĪïļMONEY CAPITAL MANAGEMENT
âĄïļ Only Trade With Risk Capital
âĄïļ Cut Losses Short, Let Profits Run On
âĄïļ Avoid Using Too Much Leverage
âĄïļ Avoid Taking Too Much Heat
âĄïļ Do Not Give in to Greed
âĄïļ Take profit equal to 4-6% of your capital
âĄïļ Stop lose equal to 2-3% of your capital