Gold prices have fallen for eight consecutive days due to expectations that the Federal Reserve will maintain higher interest rates for a longer period of time. However, the decline is still likely to continue towards the $1,800 mark. There is currently no sign of a change in gold price direction and traders will continue to wait for prices to reach support levels and generate a bullish reaction. Things may only turn bullish if the price is able to move higher and close above $1,840.
Today, focus on the support level of 1800 below and the resistance levels of 1840 and 1850 above.
Today, focus on the support level of 1800 below and the resistance levels of 1840 and 1850 above.
Trade active
Trade active
Trade active:
An hour later, the United States released data on jobless claims for the week.
Trade active:
The prediction is correct and the profit target is achieved.
Trade active:
Follow the channel below for more trading signals,
Trade active:
Follow my signals.
Trade active:
The United States will release non-agricultural data tomorrow, and the real fluctuations will be tomorrow.
Trade active
Trade active