At the end of last week's session, gold price dropped sharply to around $2,000/ounce. However, according to analysts, gold is still in an uptrend. Therefore, the price drop after the end of the week is a boon for buying investors.
According to the survey, the psychology of gold investors is very familiar with the falling gold price. This partly shows that the uptrend of gold price is still there.
The expectation of gold's price increase became stronger when the message of the US Federal Reserve (Fed) on March 5 (US time) showed that the US central bank would start cutting interest rates. next July.
Retail investors also expect gold to rebound strongly, with prices expected to end the week around $2,060 an ounce. Friday's sell-off and the possibility of support at $2,000 an ounce could attract investors this week.
Note that gold job failure to reach $2,080/ounce could lead to a consolidation in the near term.
Resistance zone: 2033 2051
Support zone: 2000 - 1981 - 1972
SELL GOLD 2033 - 2030
Stoploss: 2038
Take profit 1: 2027
Take profit 2: 2020
Take profit 3: 2010
BUY STOP GOLD 2018 - 2020
Stoploss: 2013
Take profit 1: 2025
Take profit 2: 2030
According to the survey, the psychology of gold investors is very familiar with the falling gold price. This partly shows that the uptrend of gold price is still there.
The expectation of gold's price increase became stronger when the message of the US Federal Reserve (Fed) on March 5 (US time) showed that the US central bank would start cutting interest rates. next July.
Retail investors also expect gold to rebound strongly, with prices expected to end the week around $2,060 an ounce. Friday's sell-off and the possibility of support at $2,000 an ounce could attract investors this week.
Note that gold job failure to reach $2,080/ounce could lead to a consolidation in the near term.
Resistance zone: 2033 2051
Support zone: 2000 - 1981 - 1972
SELL GOLD 2033 - 2030
Stoploss: 2038
Take profit 1: 2027
Take profit 2: 2020
Take profit 3: 2010
BUY STOP GOLD 2018 - 2020
Stoploss: 2013
Take profit 1: 2025
Take profit 2: 2030
Trade closed: target reached
BUY STOP HIT 100pips. price reaches the price zone 2029Note
The Sell signal did not match the price in the 2030 zone, but stopped around 2029.3 and fell to 2019.3Note
Waiting sell aroud 2029 -2032 againNote
SELL 2032 => To 2023. 100pips running
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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.