Since the onset of January 2nd, 2024, a discernible downtrend channel has shaped the intricate interplay between gold and the US dollar. Delving into the meticulous examination of gold's financial intricacies, my attention is laser-focused on identifying opportune moments for selling as the precious metal nears the trend line this week. In the event that price...
Dear MsProTrading Members, Today we will analyze whether gold will drop to 1912–10. First of all, you can get the current price of 1919. We think there may be a little gold drop in 1915–16 and then a pullback in 1925–27. If resistance does not break, we will go back to our final target of 1912–10.
Gold (XAUUSD) Broke out from a channel and it's retesting the upper bound which is a confluence of support. Expect a bounce off from the levels to the upside. I've market the first and second TP areas. Let me know what you think?