Gold abandons its two-week peak due to aggressive comments!
• The market is awaiting US inflation data for April
• The slowdown in Indian demand is putting negative pressure on gold bullion prices
The gold price stabilized under 2344 by opening a 4H candle. Trading under this level will support the price to be more bearish, maybe until the 2328 level. Breaking this level isn't easy, so it may push the price up to above 2344.
Generally, the direction is bullish.
• The market is awaiting US inflation data for April
• The slowdown in Indian demand is putting negative pressure on gold bullion prices
The gold price stabilized under 2344 by opening a 4H candle. Trading under this level will support the price to be more bearish, maybe until the 2328 level. Breaking this level isn't easy, so it may push the price up to above 2344.
Generally, the direction is bullish.
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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