Gold Trading Strategy Today - Will Gold Continue to Fall?

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Gold News:

🔆The ongoing U.S. tariff disputes with Canada, Mexico, and China have prompted many investors to rethink their strategies, leading to an increased allocation toward Gold. As trade tensions continue to rise, there is mounting concern that the tariff conflict could expand to include the U.S.'s European trading partners. If this scenario unfolds, Gold's role as a safeguard against economic uncertainty will become even more significant.

🔆Furthermore, central banks have been actively buying Gold, with 2024 seeing a record acquisition of 4,974 tonnes, according to the World Gold Council. This unprecedented demand highlights Gold's enduring appeal as a stable investment during times of economic instability.
Gold's Technical Outlook: Key Levels and Price Movement

🔆Gold recently settled at $2,882.99 per ounce, marking a slight decrease of nearly 2% as of February 14, 2025. This decline is mainly due to profit-taking just above the important weekly support level of $2,864. Nevertheless, Gold has maintained a seven-week winning streak within a clearly defined 16-month bullish price channel, indicating sustained investor confidence in its safe-haven qualities.

Comment:

🔆Gold will have a period of recovery and decline for investors to refer to and bounce back according to the main trend that is still going strong

Analysis:

🔆Based on the important Resistance - Support zones and consider based on economic activities and ongoing trade wars

Plan:

🔆Price Zone Setup:

👉Buy Gold 2863 - 2860
❌SL: 2854 | ✅TP: 2868 - 2875 – 2885

👉Sell Gold 2945 -2943
❌SL: 2951 | ✅TP: 2938 - 2930– 2920

FM wishes you a successful trading day 💰💰💰

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أغلقت الصفقة: تم الوصول للهدف

Initial goal achieved

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ملاحظة

profit 70 pips from 2945 if follow FM plan,
profit for you💰💰