Gold Spot / U.S. DollarUpdated Gold at a critical level, how to trade it now?
Dear traders, Gold is currently at a critical level.
The price of Gold is hovering around the 100-hour moving
average.
As the hourly EMA is considered an indicator of the short-term
trend, we can consider the 1915 level as a key level for Gold.
If the bears break this level, and price falls below the highlighted
area in my chart, expect further decline in Gold to 1890.
The price of Gold is hovering around the 100-hour moving
average.
As the hourly EMA is considered an indicator of the short-term
trend, we can consider the 1915 level as a key level for Gold.
If the bears break this level, and price falls below the highlighted
area in my chart, expect further decline in Gold to 1890.
Note
Price is still in the same zone highlighted in the chart, waiting for a breakNote
Although the price has spiked after the data release, it could still go back to 1900. However, exercise caution now
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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.