Greetings traders,
At Gold Signals by Professor, we're excited to bring you our latest analysis on the FX market. Based on our technical analysis, we're recommending a Sell position for traders.
Our analysis indicates that if USDJPY sustains below the crucial level of 134.373, it's likely to move down to 134.100 and 133.955, as an inside candle setup is formed. These levels represent significant support areas that, if broken, could trigger a strong bearish trend. We recommend that traders maintain a stop loss of around 134.585.
It's important to stay informed about the latest news and events that may affect the gold market. Factors such as global economic conditions, geopolitical tensions, and central bank policies can all play a role in the price movements of gold.
The momentum can change during any event or news which can drive it, so this level will get updated in the channel from time to time so stay updated in the channel for more recent trends and analysis of Gold and its trading move.
Wish you all a very Good day
Thanks
Team_Professor
At Gold Signals by Professor, we're excited to bring you our latest analysis on the FX market. Based on our technical analysis, we're recommending a Sell position for traders.
Our analysis indicates that if USDJPY sustains below the crucial level of 134.373, it's likely to move down to 134.100 and 133.955, as an inside candle setup is formed. These levels represent significant support areas that, if broken, could trigger a strong bearish trend. We recommend that traders maintain a stop loss of around 134.585.
It's important to stay informed about the latest news and events that may affect the gold market. Factors such as global economic conditions, geopolitical tensions, and central bank policies can all play a role in the price movements of gold.
The momentum can change during any event or news which can drive it, so this level will get updated in the channel from time to time so stay updated in the channel for more recent trends and analysis of Gold and its trading move.
Wish you all a very Good day
Thanks
Team_Professor