Gold prices edged higher on Wednesday, aided by a weaker U.S. dollar and political uncertainty following the latest import tariffs announced by U.S. President Donald Trump, which have caused instability in the market.
The level of 2919 may act as a temporary barrier, leading to a possible rejection as a corrective move before the price gathers enough momentum for a breakout. Such a correction would allow the market to absorb selling pressure and establish stronger support before resuming its upward movement. If the price successfully breaks above 2919, it would confirm bullish continuation, but if rejection occurs, the price will fall to touch 2859.
Tendency Keys: 2919
Resistance Line: 2918, 2938, 2955.
Support Line: 2895, 2880, 2844
The level of 2919 may act as a temporary barrier, leading to a possible rejection as a corrective move before the price gathers enough momentum for a breakout. Such a correction would allow the market to absorb selling pressure and establish stronger support before resuming its upward movement. If the price successfully breaks above 2919, it would confirm bullish continuation, but if rejection occurs, the price will fall to touch 2859.
Tendency Keys: 2919
Resistance Line: 2918, 2938, 2955.
Support Line: 2895, 2880, 2844
Trade active
The price briefly corrected to 2895 before rising and is now trading above 2918, moving toward the next target.
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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.