Hello, guys
Gold prices rose in European markets on Friday to maintain their position for the second day on Tuesday, approaching the last high in the fourth quarter Dry weekly earnings survey, center of income on US Treasury bills for 10 years
Despite the strong economic data in the United States, other than markets, 100% of the Federal Reserve is expected to cut prices The US dollar fell 25 basis points above the low in September
The price of gold today exhibits a volatile trend. In the same region as yesterday, it is currently trying to stabilize above the resistance of 2,468. However, due to the downtrending red line, it may not be able to sustain this upward momentum
Generally, the direction is an uptrend
Uptrend Side: If the price of gold maintains its stability above the 2,468 level and, more specifically, above the 2,475 level and the downtrend barrier by closing the 1H candle for the upward trend, it will set the stage for recording a new highest level, such as 2,494.
Downtrend Side: A decline and holding below the support level of 2,468 would indicate a move toward the 2,453 level, a decline and holding below the support level of 2,468 would indicate a move toward the 2,453 level, and if it falls below that, it could reach the 2,431 level.
Tendency Keys: 2475