GOLD ALERT WITH CASHTRAINFX
Updated
Bearish Scenario:
Key Level: Watch for a break below 2615.
Potential Target: A move toward 2590.
Strategy: Enter short positions near 2615 with stop-losses slightly above this level to protect against quick reversals.
Focus: Pay attention to macroeconomic factors, especially interest rates and inflation, to gauge if downside momentum will continue.
Bullish Scenario:
Key Level: A break above 2625 could lead to further upside.
Potential Target: Resistance around 2650.
Strategy: Wait for a confirmed breakout above 2625 before entering long positions, and place stop-losses below the breakout level to limit risk in case of a false move.
Focus: Track economic indicators to confirm trend direction before committing to a long position.
Key Level: Watch for a break below 2615.
Potential Target: A move toward 2590.
Strategy: Enter short positions near 2615 with stop-losses slightly above this level to protect against quick reversals.
Focus: Pay attention to macroeconomic factors, especially interest rates and inflation, to gauge if downside momentum will continue.
Bullish Scenario:
Key Level: A break above 2625 could lead to further upside.
Potential Target: Resistance around 2650.
Strategy: Wait for a confirmed breakout above 2625 before entering long positions, and place stop-losses below the breakout level to limit risk in case of a false move.
Focus: Track economic indicators to confirm trend direction before committing to a long position.
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