GOLD - Still Has a Bearish Volume
Updated
Gold prices edged higher on Tuesday on optimism that the U.S. Federal Reserve will cut interest rates this month as attention shifted to upcoming jobs data, which could provide more insights into the size of rate cuts.
Generally, the direction is uptrend
Uptrend Side: The price touched the 2506 resistance level. If it breaks this level and the 4H candle closes above it, the price is likely to rise towards 2529.
Downtrend Side: Trading below 2506 indicates a downtrend toward 2591, with potential to reach 2475.
Tendency Keys: 2505
Generally, the direction is uptrend
Uptrend Side: The price touched the 2506 resistance level. If it breaks this level and the 4H candle closes above it, the price is likely to rise towards 2529.
Downtrend Side: Trading below 2506 indicates a downtrend toward 2591, with potential to reach 2475.
Tendency Keys: 2505
Trade closed: target reached
The price dropped and touched 2475 before reversing. It is now fluctuating between 2475 and 2491.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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