ðŸ”ĨâĪïļGOLD TO 2370-2390ðŸ”ĨâĪïļ

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âĪïļMY FOREX TEAMâĪïļ

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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âĪïļMY FOREX TEAM - Technical Analysis

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

âĪïļNOTE

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.

âĪïļMONEY CAPITAL MANAGEMENT

⚡ïļ Only Trade With Risk Capital
⚡ïļ Cut Losses Short, Let Profits Run On
⚡ïļ Avoid Using Too Much Leverage
⚡ïļ Avoid Taking Too Much Heat
⚡ïļ Do Not Give in to Greed
⚡ïļ Take profit equal to 4-6% of your capital
⚡ïļ Stop lose equal to 2-3% of your capital
āļšāļąāļ™āļ—āļķāļ
Scalping gold sell @ 2348-2351 SL 2354
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Chart PatternseconomygeopoliticsTechnical IndicatorsinterestrateoverboughtTrend AnalysisWAR

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