TradeWithTheTrend3344

TradeWithTheTrend3344 Updated 

Based on the retest of the 1912 area, it appears that the market is gearing up for a potential decline. It is possible that a pullback to around 1920 could be a significant move. If the price rebounds to 1912 and continues to consolidate near this support level, it could indicate that the market is likely to break the support and test new lows. However, as long as...

TradeWithTheTrend3344 Updated 

Hello, We began the trading week on a positive note, achieving a significant victory with a take profit at 1930! It's worth noting that there is a chance of reaching 1938, but only if there is upward movement beyond 1931. Currently, there is a strong likelihood of a decline in price. Since the Federal Reserve is not expected to reduce interest rates, the dollar...

TradeWithTheTrend3344 Updated 

The current market situation indicates that the price of gold closed last Friday at the significant resistance level of 1920, which has a significant impact on market sentiment. In order for the bullish momentum to strengthen, it is crucial for the price to break above this 1920 resistance level while maintaining a strong confirmation signal from the EMA5...

TradeWithTheTrend3344 Updated 

Hi Everyone, Gold has been under a lot of bearish pressure lately. Be cautious and trade with care! Yesterday Gold failed to cross 1931 to open up a trade to 1938 which would have been the EMA5 cross. As of now the trend short term 20 SMA is bearish, medium term 50SMA bearish, 200SMA is Bullish but possibly weakening; Long-Term Gold is still a buy with the...