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XAUUSDHello traders ,what do you think about GOLD? Last week, gold failed to break the important resistance in the 1985 zone. In this week, NFP data can be the main driver for gold to break the resistance in the 1985 zone or break the support in the 1938 zone .But before that and at the beginning of the week, we expect it to fall to the specified level with a corrective movement and upon reaching the specified resistance zone. If this post was useful to you, do not forget to like and comment.❤️
OANDA:XAUUSDShort
by HAMED_AZ
46
GOLD: What is the price of gold tomorrow?TVC:GOLD Gold prices remain low around $2,000 as it searches for fresh clues to extending its three-week downtrend, especially after posting its first weekly loss in three weeks. In doing so, the yellow metal portrays market anxiety amid concerns about the US debt ceiling, as well as banking concerns. However, the unclear calendar and mixed updates from the Federal Reserve (Fed), as well as US government officials, have pushed XAU/USD lower ahead of important events/data of this week. Gold price depicts a bearish triangle formation on the Daily chart, currently between $2,030 and $2000. That said, bearish signals from the Moving Average Convergence and Divergence (MACD) indicator, as well as the steady Relative Strength Index (RSI), set at 14, also give see the next downtrend in XAU/USD. However, a clear break of the 2000$ support becomes necessary for Gold to move towards its theoretical target of around 1,900$. Canh SELL GOLD vùng giá 2022-2025 Stoploss: 2030 Take profit 1: 2017 Take profit 2: 2012 Take profit 3: 2006
TVC:GOLDShort
by DNA_TradingFX