GOLD - Preparing To DECLINE
Gold prices fell on Friday but were set for a third straight weekly gain as rising geopolitical tensions boosted the safe-haven appeal, while palladium was set for its best week in three.
U.S. and Israeli negotiators are set to meet in Doha to prepare for a resumption of talks on a Gaza ceasefire.
Elsewhere, opinion polls show the race for the White House remains too close to call, with less than two weeks to go before the Nov. 5 presidential election.
Generally, the direction is uptrend
Uptrend Side: The price needs to stabilize above 2,740 with the closure of a 4-hour candle, after which it is expected to rise further to reach 2,750 and potentially 2,757.
Downtrend Side: As long as the price trades below 2,740, it is expected to decline towards 2,713. A break below this level would likely lead to a move towards 2,701.
Tendency Keys: 2,714
U.S. and Israeli negotiators are set to meet in Doha to prepare for a resumption of talks on a Gaza ceasefire.
Elsewhere, opinion polls show the race for the White House remains too close to call, with less than two weeks to go before the Nov. 5 presidential election.
Generally, the direction is uptrend
Uptrend Side: The price needs to stabilize above 2,740 with the closure of a 4-hour candle, after which it is expected to rise further to reach 2,750 and potentially 2,757.
Downtrend Side: As long as the price trades below 2,740, it is expected to decline towards 2,713. A break below this level would likely lead to a move towards 2,701.
Tendency Keys: 2,714
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~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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