Gold trend analysis
Updated
https://www.tradingview.com/x/dzbg52zQ/
In early Asian trading, spot gold fell within a narrow range and is currently trading around $2,383.
Gold prices temporarily came under pressure at the $2,400 level mid-week last week, but with two failed breakouts, bulls have opened the door to profit from the breakout, but support continues to be bought. I’m not sure if this is accumulation from larger players or just interest rate expectations surrounding the US FOMC, but the fact that this move continues to attract bulls to buy at support makes me think gold’s bullish trend is not over yet.
I will share trading strategies and trading ideas every day. I hope that with my help, everyone can make huge profits!
In early Asian trading, spot gold fell within a narrow range and is currently trading around $2,383.
Gold prices temporarily came under pressure at the $2,400 level mid-week last week, but with two failed breakouts, bulls have opened the door to profit from the breakout, but support continues to be bought. I’m not sure if this is accumulation from larger players or just interest rate expectations surrounding the US FOMC, but the fact that this move continues to attract bulls to buy at support makes me think gold’s bullish trend is not over yet.
I will share trading strategies and trading ideas every day. I hope that with my help, everyone can make huge profits!
Trade active
Gold continues to fall today and is about to reboundTrade active
Gold prices are close to predicted levels,There may be a rebound trend coming soon
Trade active
The price of gold fell below US$2,300, then rebounded slightly, and is now at US$2,304.
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.