Gold Analysis: Gold Faces Profit-Taking


- XAUUSD gold price fell below the $2320 level per ounce on Wednesday, under the influence of declining demand for safe-haven assets as investors shifted towards riskier assets following the easing of tensions in the Middle East.
- Meanwhile, traders are now awaiting the release of U.S. personal consumption expenditure (PCE) data for March, the Federal Reserve's preferred inflation gauge, for further clarity on the Fed's likely monetary path.


According to the performance on the daily chart, with the recent losses in gold prices, there has been a break in the general upward trend. The bears will increase their control of the trend if gold prices move to the support levels of $2260 and $2175 respectively. In general, we still prefer to buy gold at any downward level as global geopolitical tensions are not over yet and central bank and individual gold buying remains at record levels.

DEPOSIT.................... 5550$
PROFIT:....................70356$.🔥
WITHDRAWAL........... 4500$


CHECK THE PERFORMANCE.

TrennixGLOBAL:
GOLD SELL 2320

TP 2318
TP 2316
TP 2314
TP 2312
TP 2310

SL 2330


Apply good Money Management 🔰🔰


MODIFIED:- All TP Target achieved.....✅✅✅

Profit Booked..... 🔥🔥

BUY XAUUSD

Entry Price.... 2324 - 2319

TP..2332
TP..2348

SL... 2313


Apply Good risk management....♨



MODIFIED:- Trade closed in Profit... ✅

TrennixGLOBAL:
BUY XAUUSD

Entry Price.... 2324 - 2319

TP..2332
TP..2348

SL... 2313


Apply Good risk management....♨

50+ pips running 🔥

You can be a pro if your forex trading, all you just need is the knowledge on how to trade
Chat me up on whatsapp if you are interested in this knowledge
09039439745

Us_oil SELL

Entry 82.75 _ 83.06

Sl..83.30

Tp..82.00
Tp..81.02

USDJPY SELL @ 155.65

TP: 155.45 (scalper)
TP: 155.15 (intraday)
TP: 154.65 (swing)
SL: 156.30

▪️Use money management 2-3%

#US30 Analysis :

#US30 is been moved aggressively with the correction and reacted from the resistance area of 38,500 - 38,550. Market Structure is strong bearish, so expected a fall from here, and you can plan your bias with that and enter in LTF. In case Price, flips above the resistance then buys looks good till 39,100.

GDP DATA📈

At 8.30pm SGT we will have GDP data releasing.

Make sure to trade safe.

Markets will be volatile, trade with caution and manage your trades well⚠️

BUY EURAUD NOW 1.6391

SL..1.6332

Tp..1.6421
Tp..1.6467

SMALL LOTS | SCALP TRADE

Trade within this price zone👇

BUY GOLD @ 2321.5
❌SL: 2315.5
✅TP1: 2324.5
✅TP2: 2331.5
✅TP3: 2341.5

Total R:R = 1:3

Notice‼️
Stick to 10% risk per setup, dividing total position for partial profits per take profit.
Not financial advice, market perspective.

SELL GOLD XAUUSD 2318

SL..2327

TP..2313
TP..2308




MODIFIED:- Tp 1 & Tp 2 achieved.... ✅✅

BUY AUDJPY Entry @102.355


Take Profit 1 - 102.555
Take Profit 2 - 102.855

SL - 101.755

TimeFrame: 1H


Apply Good risk management!!


MODIFIED:- Trade closed In profit 🔥.... TP 1 achieved ✔

TrennixGLOBAL:
SMALL LOTS | SCALP TRADE

Trade within this price zone👇

BUY GOLD @ 2321.5-2318.5
❌SL: 2315.5
✅TP1: 2324.5
✅TP2: 2331.5
✅TP3: 2341.5

Total R:R = 1:3

Notice‼️
Stick to 10% risk per setup, dividing total position for partial profits per take profit.
Not financial advice, market perspective.

❌❌..... SL was Hit on this one

TrennixGLOBAL:
SELL GOLD XAUUSD 2318

SL..2327

TP..2313
TP..2308

✔✔..... Running in profits!!

TrennixGLOBAL:
BUY AUDJPY Entry @102.355


Take Profit 1 - 102.555
Take Profit 2 - 102.855

SL - 101.755

TimeFrame: 1H


Apply Good risk management!!

Take Profit 1 achieved... ✔

GOLD SELL 2387

TP 2385
TP 2383
TP 2381
TP 2379
TP 2376
SL 2398

Follow Money Management 🔰🔰



MODIFIED:- Trade closed in Profit 🔥🔥

GOLD SELL 2305

TP 2304
TP 2302
TP 2300
TP 2398
TP 2396

SL 2316

Follow Money Management 🔰🔰

Today is FOMC BIG News coming soon. Be alert and be careful 🤞🙏

TrennixGLOBAL:
GOLD SELL 2387

TP 2385
TP 2383
TP 2381
TP 2379
TP 2376
SL 2398

Follow Money Management 🔰🔰

Tp 1 & 2 achieved... ✅✅

TrennixGLOBAL:
GOLD SELL 2305

TP 2304
TP 2302
TP 2300
TP 2398
TP 2396

SL 2316

Follow Money Management 🔰🔰

Tp 1 & 2 achieved.... ✅✅

🇺🇸 Treasury Secretary Janet Yellen says the 🇯🇵 Bank of Japan should consult with her before intervening to support Japanese Yen

🇯🇵 Bank of Japan has used $59 billion to save the Japanese Yen

🇺🇸 US commercial and industrial lending has been declining for 7 months straight

In April, commercial and industrial loans at all commercial banks decreased by ~1% year-over-year after a 1.8% drop in March

🇺🇸 Elon Musk says the dollar "will be worth nothing" if the US doesn't do something about its national debt

📣 Berkshire Hathaway dumped roughly $20 billion worth of $AAPL shares in the first quarter, which amounted to roughly 13% of its total Apple position