XAUUSD Reversing from strong resistance level
XAUUSD
Gold prices fell on Wednesday, April 24, as fears of escalating conflict in the Middle East receded, while investors awaited important US economic data that may shed more light on the timing of lowering interest rates.
Gold is trading below the strongest price decisive line, Therefore, trading below this level, which is the level of 2327, keeps the bearish trading active and takes the price to the levels of 2305 and 2280. However. any settlement with 4H candle above this level, we will trade in higher areas.
Tendency: Short 2327
Target station: (2305, 2378, 2259).
Gold prices fell on Wednesday, April 24, as fears of escalating conflict in the Middle East receded, while investors awaited important US economic data that may shed more light on the timing of lowering interest rates.
Gold is trading below the strongest price decisive line, Therefore, trading below this level, which is the level of 2327, keeps the bearish trading active and takes the price to the levels of 2305 and 2280. However. any settlement with 4H candle above this level, we will trade in higher areas.
Tendency: Short 2327
Target station: (2305, 2378, 2259).
about 4 Analysis per day.
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
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