NEW IDEA FOR GOLD
Gold strengthens as the probability of an economic recession increases
Examining the trend in the four-hour time frame, gold has an important support interval in the range of 2545-2530, and now, due to the recent rise, a price correction is needed.
In general, this scenario is reinforced that gold can rise to the resistance range of 2623-2611 after correcting the price towards the important support range in the range of 2545-2530.
Examining the trend in the four-hour time frame, gold has an important support interval in the range of 2545-2530, and now, due to the recent rise, a price correction is needed.
In general, this scenario is reinforced that gold can rise to the resistance range of 2623-2611 after correcting the price towards the important support range in the range of 2545-2530.
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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.
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.