The bear flag shows a small rising parallel trend channel
Gold fell again despite falling Treasury bond yields. From an overall perspective, gold continues to struggle after its recent pullback.
The most recent support for gold is in the $2,295 – $2,305 range. A move below $2,295 would bring gold towards support at $2,190 – $2,200.
Gold prices fell slightly in Asian trading today, having mainly received limited support from rising unrest in the Middle East. However, attention is still placed on the possibility of the US Federal Reserve (FED) cutting interest rates.
Gold prices rose on Monday after Israel launched a series of attacks on Rafah in Southern Gaza. This is a complicated move that adds to ongoing ongoing talks with Hamas. Reports also suggest that ongoing negotiations between Israel and Hamas have failed to make much progress.
💵
GOLD SELL 2317-2320💵
✔️TP 2310
✔️TP 2305
❌SL 2326.5
💵GOLD BUY 2306 - 2304💵
✔️TP 2310
✔️TP 2320
❌SL 2298
The most recent support for gold is in the $2,295 – $2,305 range. A move below $2,295 would bring gold towards support at $2,190 – $2,200.
Gold prices fell slightly in Asian trading today, having mainly received limited support from rising unrest in the Middle East. However, attention is still placed on the possibility of the US Federal Reserve (FED) cutting interest rates.
Gold prices rose on Monday after Israel launched a series of attacks on Rafah in Southern Gaza. This is a complicated move that adds to ongoing ongoing talks with Hamas. Reports also suggest that ongoing negotiations between Israel and Hamas have failed to make much progress.
💵
GOLD SELL 2317-2320💵✔️TP 2310
✔️TP 2305
❌SL 2326.5
💵
GOLD BUY 2306 - 2304💵✔️TP 2310
✔️TP 2320
❌SL 2298
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.