GOLD/ Bullish ahead
Gold prices were flat on Monday as a stronger-than-expected U.S. jobs report reinforced the Federal Reserve’s cautious stance on rate cuts, while uncertainty surrounding the incoming Trump administration’s policies continued to fuel safe-haven demand.
Generally, the direction is uptrend
Uptrend Side: The price has remained outside the channel, with a key resistance level at 2696 that needs to be surpassed before reaching the next target of 2732.
Correction: The price may decline to move around the channel before initiating a potential rise.
Downtrend Side: For the bearish trend to be confirmed, a 4-hour candle must close below 2664 and subsequently below 2640.
Generally, the direction is uptrend
Uptrend Side: The price has remained outside the channel, with a key resistance level at 2696 that needs to be surpassed before reaching the next target of 2732.
Correction: The price may decline to move around the channel before initiating a potential rise.
Downtrend Side: For the bearish trend to be confirmed, a 4-hour candle must close below 2664 and subsequently below 2640.
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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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