🟡 #XAUUSD 1H and 4H Update 📊⚡
🔹 1H Timeframe (Sideways movement expected):
Price may remain between the 4,075 resistance and 4,050 support levels 🔄
👉 Unless a major breakout occurs, the market is likely to move sideways or consolidate in this range.
🔹 4H Timeframe (Downtrend scenario):
Downward pressure persists following a strong rejection from the upper channel and supply zone (4,100 - 4,110) 📉
👉 Target area: 3,980 - 4,000 💥
💡 Trading Plan:
Do not rush while the market is in a sideways range! Enter the trade only after receiving confirmation 🛡️⚡
🔹 1H Timeframe (Sideways movement expected):
Price may remain between the 4,075 resistance and 4,050 support levels 🔄
👉 Unless a major breakout occurs, the market is likely to move sideways or consolidate in this range.
🔹 4H Timeframe (Downtrend scenario):
Downward pressure persists following a strong rejection from the upper channel and supply zone (4,100 - 4,110) 📉
👉 Target area: 3,980 - 4,000 💥
💡 Trading Plan:
Do not rush while the market is in a sideways range! Enter the trade only after receiving confirmation 🛡️⚡
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🇺🇸 ISM Manufacturing PMI
The ISM Manufacturing PMI measures the health of the U.S. manufacturing sector based on a survey of purchasing managers. A reading above 50 indicates expansion, while a reading below 50 signals a contraction in manufacturing activity.
📌 Market Impact: A PMI reading better than expected is generally bullish for the USD, whereas weak data can put pressure on the dollar. Expect volatility in USD pairs, Gold (XAUUSD), and U.S. indices at the time of the data release. 📈📉
The ISM Manufacturing PMI measures the health of the U.S. manufacturing sector based on a survey of purchasing managers. A reading above 50 indicates expansion, while a reading below 50 signals a contraction in manufacturing activity.
📌 Market Impact: A PMI reading better than expected is generally bullish for the USD, whereas weak data can put pressure on the dollar. Expect volatility in USD pairs, Gold (XAUUSD), and U.S. indices at the time of the data release. 📈📉
Forwarded from Premium Signals
🎯 ALL TP HIT SUCCESSFULLY! 💥
🔥 #XAUUSD BUY BOOM! 💎⚡
💰 +350 PIPS SECURED! 🤑💵
🎉 Enjoy the profits, Traders! 📊🥳
🔥 #XAUUSD BUY BOOM! 💎⚡
💰 +350 PIPS SECURED! 🤑💵
🎉 Enjoy the profits, Traders! 📊🥳