maadoo

maadoo

After a wide bearish trend that toke control since Sep 25th to push down the euro prices to reach 1.03314 as the lowest price for 2024 so far, the bulls are trying to get back control to push the price up, as the chart shows during this struggling the formation of a reflecting pattern "Head & shoulders" for the bearish trend which will be confirmed by stabling...

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After gold prices hit $2.560.00 it gained a strong momentum pushing it up to hit 2.673.00 as the first target for this bullish movement. price might hold a pit within this area but its more likely to continue the bullish momentum targeting 2.740.00 if the price got any reflecting signals it may fall again to hit 2.540.00

maadoo

Gold might go slightly down searching support Breaking the bullish channel bottom line may lead the price to 1890 If so its highly recommended to buy at this price