GOLD - Bearish Volume
Updated
Gold prices fell in the European market on Thursday, continuing their losses for the second day in a row, moving away from their highest levels ever, due to the activity of correction operations and profit-taking, in addition to the halt of the US dollar’s decline in the foreign exchange market.
After the Federal Reserve minutes strengthened the chances of easing monetary policy next September, markets are awaiting Jerome Powell’s comments at the Jackson Hole Forum in search of clearer evidence about the size of the potential cuts in US interest rates before the end of this year.
Generally, the Direction uptrend
Uptrend Side: To be in an uptrend, the price should break the resistance of 2514 and, above it, the last high level of 2527 to reach the new high level of 2540.
Downtrend Side: Currently, the price is trading above the support of 2495, if it crosses this level, it will be downward toward 2475, also, a break under it will touch 2468.
Tendency Keys: 2495
After the Federal Reserve minutes strengthened the chances of easing monetary policy next September, markets are awaiting Jerome Powell’s comments at the Jackson Hole Forum in search of clearer evidence about the size of the potential cuts in US interest rates before the end of this year.
Generally, the Direction uptrend
Uptrend Side: To be in an uptrend, the price should break the resistance of 2514 and, above it, the last high level of 2527 to reach the new high level of 2540.
Downtrend Side: Currently, the price is trading above the support of 2495, if it crosses this level, it will be downward toward 2475, also, a break under it will touch 2468.
Tendency Keys: 2495
Trade active
as we mentioned, the price fell with +270 pip
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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