XAUUSD : Gold is trying to break the support zone

Gold extended its upward momentum after the weak US services PMI report

Gold prices extended their upward momentum after services PMI data missed estimates, investors waited for Fed Chairman Powell's testimony today.

During the March 54 session, gold prices maintained their upward momentum, supported by PMI data that was lower than estimates. In the European session, gold continued to increase from $2,119 to $2,140 and then decreased again to close the session at $2,128. Precious metals continue to be supported by recent US economic data, but the market is still waiting for the JOLTS jobs report and Fed Chairman Powell's testimony today. Currently, gold is falling slightly to $2,126.

Trade active:

🔝 XAUUSD : Trading plan March, 06, 2024

🪙 We have 2 levels to have a good entry for the BUY signal :

💲 Entry 1 Buy Scalping : 2115 - 2117
💵TP1 : 2120
💵TP2 : 2125
🔴 SL : 2108

💲Entry 2 Buy Limit : 2111 - 2113
💵TP1 : 2115
💵TP2 : 2120
🔴 SL : 2105

🪙 We have 2 levels to have a good entry for the SELL signal :

💲Entry 1 Sell (Scalping) : 2125 - 2127
💵TP1 : 2120
💵TP2 : 2115
🔴 SL : 2133

💲Entry 2 Sell Limit : 2129 - 2131
💵TP1 : 2125
💵TP2 : 2120
🔴 SL : 2137

⚡️⚡️⚡️Note: For transactions, please leave full TP and SL to ensure safety and bring profit from the market. ‼️

🔔 Admin : @Eva_trade811

Trade active:

⚡️ Entry 2 SELL running + 20 pips - Move SL to Entry🔼🔼🔼⏫⏫⏫

Comment:

⚡️ Entry 2 SELL running + 40 pips - Move SL to Entry🔼🔼🔼⏫⏫⏫

Comment:

⚡️ Entry 2 SELL Hit TP1 +60 pips 🔼🔼🔼⏫⏫⏫