The gold market is at a crucial resistance point of $1,980, while the U.S. housing market is struggling. Housing starts fell by 8% to 1.43 million units, below the expected 1.48 million units. May's data was also revised lower to 1.56 million units from 1.63 million units.
Note
🐾 BUY XAUUSD zone 1981 - 1978⚠ Stop Loss : 1973
💲 Take Profit 1: 1990
💲 Take Profit 2: 1995
Note
In technical terms, gold futures speculators have a short-term technical advantage as prices are in a new uptrend on the daily chart. Their next price target is to close the August futures contract above a strong resistance level at $2,000. On the other hand, bears' short-term price target is to push the futures contract below a solid technical support level at $1,900. The first resistance levels seen overnight were at $1,989 and then $2,000. The first support levels seen on Wednesday were at $1,973 and then Tuesday's low at $1,958.Note
🐾 BUY XAUUSD zone 1959 - 1962⚠ Stop Loss : 1956
💲 Take Profit 1: 1970
💲 Take Profit 2: 1980
Trade active
⭐️BUY Runnings + 30pips 💲💲💲
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.
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.