GOLD/ Correction, then Fall
Gold prices edged higher on Tuesday, as investors braced for a less aggressive path of interest rate cuts from the Federal Reserve next year, in a holiday-truncated trading week.
Generally, the direction is a downtrend
Uptrend Side: For a bullish trend to be established, a breakout above the 2640–2664 zone must be confirmed by a daily candle closing above this level.
Downtrend Side: the bearish scenario will begin below 2640, However, before this decline, a corrective movement toward 2640 is expected. Following this correction, the price is anticipated to drop, initially reaching 2606. A break below 2606 would likely lead to a further decline toward 2566.
Tendency Keys: 2606
Generally, the direction is a downtrend
Uptrend Side: For a bullish trend to be established, a breakout above the 2640–2664 zone must be confirmed by a daily candle closing above this level.
Downtrend Side: the bearish scenario will begin below 2640, However, before this decline, a corrective movement toward 2640 is expected. Following this correction, the price is anticipated to drop, initially reaching 2606. A break below 2606 would likely lead to a further decline toward 2566.
Tendency Keys: 2606
Trade active
Gold prices steadied in holiday-thinned trade on Tuesday as investors looked ahead to the U.S. Federal Reserve’s interest rate strategy and President-elect Donald Trump’s tariff policies, which could shape the metal’s trajectory next year.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
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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
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.
about 4 Analysis per day.
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
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
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.