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.
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
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.
about 4 Analysis per day.
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
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
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.