Gold 01.07,continues to be profitable and has a strong uptrend
Updated
Reshaping Strategy Following Trump’s Statements and the Strong Volatility in GOLD
Fake news caused market chaos at the start of the week:
The talk of Trump easing tariffs was not an official statement from Trump himself but rather a report by WaPo (Washington Post). It appeared as though WaPo "put words in Trump's mouth," steering public opinion in their favor.
From Trump's statements, the following key points can be derived:
Key Points:
Trump suggests lifting Biden's oil drilling ban:
U.S. oil producers are likely to return to the market more strongly.
A significant drop in oil prices can be expected.
Inflation could be better controlled, which is favorable for GOLD.
Trump denies the WaPo report:
While Trump denied the WaPo report, it doesn’t carry much weight as the report wasn't based on his actual statements.
Trump's tariff plan remains intact.
This back-and-forth between WaPo and Trump caused strong and unexpected volatility in the GOLD market.
Trump made no mention of tariffs in his latest remarks:
Current tariff policies do not place pressure on GOLD.
This is considered a stabilizing factor for GOLD.
Admin maintains a bias toward a rebound in GOLD. Wait for a slight pullback in GOLD prices to look for new buying opportunities.
Market Environment and Developments:
DXY (Dollar Index): Slight decline after the PMI data release.
Fed Official Cook: Suggests reducing interest rates to neutral levels is appropriate.
Trading Strategy:
BUY SCALP ZONE: 2624 - 2622
SL (Stop Loss): 2620
TP (Take Profit): 2630 - 2636 - 2640
SELL SCALP ZONE: 2656 - 2658
SL (Stop Loss): 2661
TP (Take Profit): 2652 - 2648 - 2645
BUY ZONE: 2615 - 2613
SL (Stop Loss): 2608
TP (Take Profit): 2620 - 2624 - 2630 - 2638 - 2644 - ???
SELL ZONE: 2662 - 2664
SL (Stop Loss): 2668
TP (Take Profit): 2658 - 2654 - 2650
The current price is fluctuating between both ends within a large range. Yesterday, we captured nearly 300 pips with the two BUY/SELL zones outlined in the admin’s plan. Today’s price is awaiting news, making predictions challenging. Please refer to the zones noted in the plan and analyze the chart to optimize your trades.
Note:
Always set TP (Take Profit) and SL (Stop Loss) to protect your account. Good luck!
Fake news caused market chaos at the start of the week:
The talk of Trump easing tariffs was not an official statement from Trump himself but rather a report by WaPo (Washington Post). It appeared as though WaPo "put words in Trump's mouth," steering public opinion in their favor.
From Trump's statements, the following key points can be derived:
Key Points:
Trump suggests lifting Biden's oil drilling ban:
U.S. oil producers are likely to return to the market more strongly.
A significant drop in oil prices can be expected.
Inflation could be better controlled, which is favorable for GOLD.
Trump denies the WaPo report:
While Trump denied the WaPo report, it doesn’t carry much weight as the report wasn't based on his actual statements.
Trump's tariff plan remains intact.
This back-and-forth between WaPo and Trump caused strong and unexpected volatility in the GOLD market.
Trump made no mention of tariffs in his latest remarks:
Current tariff policies do not place pressure on GOLD.
This is considered a stabilizing factor for GOLD.
Admin maintains a bias toward a rebound in GOLD. Wait for a slight pullback in GOLD prices to look for new buying opportunities.
Market Environment and Developments:
DXY (Dollar Index): Slight decline after the PMI data release.
Fed Official Cook: Suggests reducing interest rates to neutral levels is appropriate.
Trading Strategy:
BUY SCALP ZONE: 2624 - 2622
SL (Stop Loss): 2620
TP (Take Profit): 2630 - 2636 - 2640
SELL SCALP ZONE: 2656 - 2658
SL (Stop Loss): 2661
TP (Take Profit): 2652 - 2648 - 2645
BUY ZONE: 2615 - 2613
SL (Stop Loss): 2608
TP (Take Profit): 2620 - 2624 - 2630 - 2638 - 2644 - ???
SELL ZONE: 2662 - 2664
SL (Stop Loss): 2668
TP (Take Profit): 2658 - 2654 - 2650
The current price is fluctuating between both ends within a large range. Yesterday, we captured nearly 300 pips with the two BUY/SELL zones outlined in the admin’s plan. Today’s price is awaiting news, making predictions challenging. Please refer to the zones noted in the plan and analyze the chart to optimize your trades.
Note:
Always set TP (Take Profit) and SL (Stop Loss) to protect your account. Good luck!
Trade closed: target reached
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❗️ DISCLAIMER: The content shared in the training program is designed for educational and informational purposes only, so the program is not a financial advice or a solution.
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