the opening of the session asia market and confirms the bearish nature of the market on monday Friday 1 August 2024 The price is completely done eated the liquidity at 2458 the area of interest and liquidity before a possible decline
The news CPI , FoMC press conference
S&P PMI, ISM. Traders are expecting relatively warm data, but, at the moment, everything revolves around the perception of inflation news regarding the inflation itself in the Fed's further view on monetary policy which remains unchanged
High volatility is possible.
Technically, on D1 gold is trading in bearish territory and at the moment, after updating the local low, the price is heading towards the liquidity zone, from which the sell-offs may increase.
There is a possibility that before further decline the price may go deeper, for example, to test the imbalance area, as well as the previously broken channel boundary (liquidity capture).
Stong support at 2289 confirmed
It is possible that the situation may change, as traders are overreacting to inflation-related news, but at the moment, on the high timeframe is formed exclusively bearish setup on the negative fundamental background
more likely this trade setup will activated now
1st drop 2380
2nd drop 2330
3rd big drop 2289
4th big drop 2160
guys like and follow my simple analysis
The news CPI , FoMC press conference
S&P PMI, ISM. Traders are expecting relatively warm data, but, at the moment, everything revolves around the perception of inflation news regarding the inflation itself in the Fed's further view on monetary policy which remains unchanged
High volatility is possible.
Technically, on D1 gold is trading in bearish territory and at the moment, after updating the local low, the price is heading towards the liquidity zone, from which the sell-offs may increase.
There is a possibility that before further decline the price may go deeper, for example, to test the imbalance area, as well as the previously broken channel boundary (liquidity capture).
Stong support at 2289 confirmed
It is possible that the situation may change, as traders are overreacting to inflation-related news, but at the moment, on the high timeframe is formed exclusively bearish setup on the negative fundamental background
more likely this trade setup will activated now
1st drop 2380
2nd drop 2330
3rd big drop 2289
4th big drop 2160
guys like and follow my simple analysis
Trade closed: target reached
Target completed 1000% satisfaction Trade active
Second drop activated now 
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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.
The offical web Channel available to join free now learn trading , including signals , acc management portfolio growth 💵💰👉 t.me/+g2KLrj7fhZ0wMzZk
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.