As u know world situation:- Donald Trump that 25% tarrifs On Mexican And Canadian Goods will take effect Next week Onfour march,Meanwhile The FED preferred Inflation Gauge The Core CE Price index,Signals Continued Progress Towards The central Banks 2% Target . According to to prime market terminal the FED is anticipated to cut rates by 70 points this year,with investors betting on the first reduction in June .
As Gold broke the Uptrend ,so Gold will continue to drop ..till it reaches below 2822. On my Opinion old will Open with Gap up and it willGo above 2880 area .As there is 4H FVG
Our first selling zone at 2876-80 and at 2890 . Based On the resistance and support areas of gold price according to the H4 fram ,we identifies the important key areas
Resistance:-2876,2900,2856 Support 2820,2810. Best Of luck everyone .
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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.