Short-Term Technical Analysis for Gold-9/8/2024
Short-Term Technical Analysis for Gold-9/8/2024
Hello, everyone. I am Mohammad Qais Abdulghani, a financial markets expert, here with your morning update on short-term technical movements in gold for Friday, August 9, 2024.
Currently, we are observing gold on the short-term, specifically on the 15-minute chart. Gold is attempting to resume its gains. If the price successfully breaks and surpasses the $2,435 level with a complete and confirmed breakout on the 15-minute chart, we can expect the continuation of the upward trend targeting $2,450 and $2,470.
This optimistic and positive outlook for gold will remain unless the price falls back below the $2,415 level.
Thank you for tuning in to this segment. I appreciate your attention, and I wish you all the best. Goodbye for now.
Hello, everyone. I am Mohammad Qais Abdulghani, a financial markets expert, here with your morning update on short-term technical movements in gold for Friday, August 9, 2024.
Currently, we are observing gold on the short-term, specifically on the 15-minute chart. Gold is attempting to resume its gains. If the price successfully breaks and surpasses the $2,435 level with a complete and confirmed breakout on the 15-minute chart, we can expect the continuation of the upward trend targeting $2,450 and $2,470.
This optimistic and positive outlook for gold will remain unless the price falls back below the $2,415 level.
Thank you for tuning in to this segment. I appreciate your attention, and I wish you all the best. Goodbye for now.
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