GOLD - BULL TENDENCY
تم تحديثه
Gold heads for weekly decline amid anticipation of future interest rates
Gold prices fell on Friday and are heading for a weekly decline, as investors await more indicators to predict the size of the potential US interest rate cut in September.
Uptrend Side: the price rise, as we mentioned yesterday, reached all our targets. currently, the price has stabilized above 2420 by closing the 4H candle above it so this will support the price to rise further and touch 2430. Also, a break above it easily again will cause the price to rise to touch the resistance of 2453, or a new high level.
Downtrend Side: The downtrend side will play its scenario when the price faces a strong reversal for any reason until under 2400, especially under 2390, touches 2369.
Correction: as a correction, it will fall before rising, maybe until the support of 2410.
Tendency Keys: 2420
Gold prices fell on Friday and are heading for a weekly decline, as investors await more indicators to predict the size of the potential US interest rate cut in September.
Uptrend Side: the price rise, as we mentioned yesterday, reached all our targets. currently, the price has stabilized above 2420 by closing the 4H candle above it so this will support the price to rise further and touch 2430. Also, a break above it easily again will cause the price to rise to touch the resistance of 2453, or a new high level.
Downtrend Side: The downtrend side will play its scenario when the price faces a strong reversal for any reason until under 2400, especially under 2390, touches 2369.
Correction: as a correction, it will fall before rising, maybe until the support of 2410.
Tendency Keys: 2420
تم فتح الصفقة
As previously discussed, as long as the price remains above 2420, it is likely to aim for 2430, and if it surpasses that level, it could potentially reach 2453. Currently, the price has closed the daily candle above 2420 and has also crossed 2430, continuing its movement toward 2453.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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