My_Forex_Team

🔥❤️GOLD TO 2370-2390🔥❤️

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
❤️MY FOREX TEAM❤️

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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❤️MY FOREX TEAM - Technical Analysis

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

❤️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.

❤️MONEY CAPITAL MANAGEMENT

⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
Comment:
Scalping gold sell @ 2348-2351 SL 2354
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