PLAN DAY 24/5/2024
Gold price remains on the defensive on hawkish Fed
Robust US data combined with the recent hawkish Fedspeak continued to temper aggressive Fed rate cut bets this year, exerting additional downward pressure on the non-interest-bearing Gold price.
Plan to trade on May 24
The price increased sharply and broke 2336, we can prioritize gold Buy signals with the TP area expecting 2341-2347 and set stop loss below 2329 (note: apply dow theory to find good entry points, absolutely do not follow the market FOMO)
We have entry sell at 2347
XAUUSD SELL zone 2347 - 2349
🔹SL 2352
TP 2340 -
TP2335 -
TP2330
Note : This is technical analysis, not Fundamental Analysis. The market can be affected by war news and economic news, so when deciding to trade, always use stop loss to ensure safety. for your account 😊💸
Robust US data combined with the recent hawkish Fedspeak continued to temper aggressive Fed rate cut bets this year, exerting additional downward pressure on the non-interest-bearing Gold price.
Plan to trade on May 24
The price increased sharply and broke 2336, we can prioritize gold Buy signals with the TP area expecting 2341-2347 and set stop loss below 2329 (note: apply dow theory to find good entry points, absolutely do not follow the market FOMO)
We have entry sell at 2347
XAUUSD SELL zone 2347 - 2349
🔹SL 2352
TP 2340 -
TP2335 -
TP2330
Note : This is technical analysis, not Fundamental Analysis. The market can be affected by war news and economic news, so when deciding to trade, always use stop loss to ensure safety. for your account 😊💸
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