Candle Above 1931 Will Open 1938
Hello,
We began the trading week on a positive note, achieving a significant victory with a take profit at 1930! It's worth noting that there is a chance of reaching 1938, but only if there is upward movement beyond 1931. Currently, there is a strong likelihood of a decline in price. Since the Federal Reserve is not expected to reduce interest rates, the dollar is likely to strengthen further, potentially causing a drop in gold prices. If the price breaks below 1912, it will likely move towards 1902. Nevertheless, despite these factors, the long-term outlook remains Bullish.
Trade with care
We began the trading week on a positive note, achieving a significant victory with a take profit at 1930! It's worth noting that there is a chance of reaching 1938, but only if there is upward movement beyond 1931. Currently, there is a strong likelihood of a decline in price. Since the Federal Reserve is not expected to reduce interest rates, the dollar is likely to strengthen further, potentially causing a drop in gold prices. If the price breaks below 1912, it will likely move towards 1902. Nevertheless, despite these factors, the long-term outlook remains Bullish.
Trade with care
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Updates will follow if anything changesملاحظة
Its independence day today which is a bank holiday so there is expected to be less volumeملاحظة
and off we go again top profit hit 1931ملاحظة
The price of gold is testing for support within the mid-channel region around the 1917 level. If the price manages to close above this level, there is a good probability of an upward swingملاحظة
upward swing maxed out @ 1927
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.