2189$ can be the next target? before uptrend to 24k, 25k , 26k.
Updated
2189$ can be the next target? before uptrend to 24k, 25k , 26k.
The sharp V-shaped irrationally lead the sudden rise and then creating a quick inverse V-Shaped and rise in the bullish trend to complete the bullish retracement in the aftermath. A V-shaped mostly occurs in the Bullish trend and then show reversal trend, However this may create a strong bearish close to the last bullish trend.
The angle of the bearish line may lead to the bearish reverse trend and will take the line to the last level of the bullish where the bullish from started, this can be the identified target.
LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.
The sharp V-shaped irrationally lead the sudden rise and then creating a quick inverse V-Shaped and rise in the bullish trend to complete the bullish retracement in the aftermath. A V-shaped mostly occurs in the Bullish trend and then show reversal trend, However this may create a strong bearish close to the last bullish trend.
The angle of the bearish line may lead to the bearish reverse trend and will take the line to the last level of the bullish where the bullish from started, this can be the identified target.
LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.
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The Middle east tension can bring the the asset quick moments.LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.
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The price of the BTC is planning to reach at 55k support before any rise and recent tension middle east also may hit the price of the BTC, due to sort of the reasons the price of the BTC may fall more and reach down near 55k then it will go uptrend to reach 100k, in the future.Note
The strong positive momentum for gold continues, even though the Relative Strength Index (RSI) on the daily chart is extremely overbought. Bulls may consider taking profits near the $2400 mark, but support is expected around the $2350, $2280 region. Further downside could find support near $2332 before reaching the weekly low at $2300 and may near $2180.Trade active
will it drop or will go up to cross 24k?Trade active
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Note
The Gold is changing its tune I think and looking outbreak in the uptrend directionTrade active
Gold (XAU/USD) update:Current Price: Gold price (XAU/USD) is trading around $2,385 on Monday during the early Asian trading hours.
Market Sentiment and Factors to Consider:
Hawkish Comments by Federal Reserve (Fed) Officials: The hawkish shift in market sentiment has capped the precious metal’s upside. New York Fed President John Williams mentioned that another rate hike isn’t his base case, but the Fed would consider it if data suggest the need. Chicago Fed President Austan Goolsbee highlighted that inflation progress had “stalled,” and the Fed’s current restrictive policy is appropriate. Atlanta Fed President Raphael Bostic emphasized that rate cuts are unlikely until the end of the year.
Geopolitical Tensions in the Middle East: Escalating tensions between Israel and Iran could boost safe-haven assets like gold. While lawmakers in the US approved new Israeli military aid, investors continue to monitor developments in the region.
Technical Levels:
Resistance Levels: Previous daily high was at $2,417.79, and the previous weekly high was also around the same level.
Support Levels: Previous daily low was at $2,372.87, and the previous weekly low was at $2,324.33.
Overall Outlook:
The hawkish shift in market sentiment may diminish the appeal of non-yielding metals like gold.
Geopolitical tensions remain a key factor, and any further escalation in the Middle East conflict could boost gold prices.
Note
LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.Note
XAU/USD regains the upside traction and approaches the $2,400 mark, showing some near-term consolidation for the time being. Technical indicators retreat from extreme overbought levels, suggesting that some decline may lie ahead in the short term. Still, a steeper slide remains out of the picture, as XAU/USD refuses to give up while developing its moving averages above all. On this, the 55-day SMA hovers around $2,150 while the 100-day SMA tests the $2,100 zone.The 4-hour chart shows XAU/USD moving further into a consolidative phase, which appears so far capped by the $2,400 level, while the 55-SMA holds the downside for the time being. The longer moving averages maintain their bullish slopes far below the current spot levels, while the Relative Strength Index (RSI) indicator points slightly southwards around 55.
Support levels: 2,359.80 2,345.20 2,333.20
Resistance levels: 2,380.70 2,393.50 2,409.20
Note
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