There is no longer a chance for gold to decrease.

Updated
The price range between 2004 and 1976 has been maintained by gold for more than a month. Since the conflict in the Middle East broke out, gold has been in this price range and is waiting for an opportunity to break through.

Instead of the Israel-Hamas conflict strongly affecting the gold market, it will now turn to a Fed rate cut, with the only question being when and by how much.

In the near future, the 2000 support zone will be a place for gold to rely on and maintain stability above the 2010 level.

Plan trading BUY GOLD 1975-1977 SL 1972
Trade active
Trade active
waiting gold hit entry
Note
GOLD HIT trendline in zone 1972
Note
BUY AGAIN 1971-1972 SL 1969
Fundamental AnalysisgoldpredictiongoldtradingstrategyTechnical Indicatorsprice-actionpriceactionpriceactionanalysistradingtradingsignalsTrend AnalysisXAUUSD

Related publications

Disclaimer