GOLD - WILL FACE UPTREND
Actualizado
Gold prices steadied on Wednesday as markets awaited U.S. jobs data and comments from Federal Reserve Chair Jerome Powell for further insights into the U.S. interest rate cut trajectory.
The 2640 level has proven to be robust, maintaining its position for over a week and forming a barrier with the most recent peak drop on the 4-hour timeframe. The price is currently fluctuating between the 2640 and 2662 levels. We anticipate a breakout above the 2662 resistance in the near future, with a subsequent move towards the 2701 resistance. This would provide access to the strong resistance zone between 2732 and 2757.
On the downside, the price must stay below 2,640. To further confirm a bearish trend, however, it would need to break through the 2,605 level.
Tendency Keys: 2640
The 2640 level has proven to be robust, maintaining its position for over a week and forming a barrier with the most recent peak drop on the 4-hour timeframe. The price is currently fluctuating between the 2640 and 2662 levels. We anticipate a breakout above the 2662 resistance in the near future, with a subsequent move towards the 2701 resistance. This would provide access to the strong resistance zone between 2732 and 2757.
On the downside, the price must stay below 2,640. To further confirm a bearish trend, however, it would need to break through the 2,605 level.
Tendency Keys: 2640
Operación activa
Gold prices continue to fluctuate within the range of the resistance levels at 2662 and 2640, with the direction yet to be determined.
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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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