Gold prices have fallen and are not receiving support at 1905 USD. It would not be unusual for gold to continue to retest lower levels with the outlook from the Fibonacci measurement. 1890 USD is a perfect number with strong support with the prospect of rebounding from this support level.
Yesterday, as predicted, we witnessed a highly unique performance of gold with a significant decline. Gold truly dropped to the level of $1900 per ounce, facing selling pressure due to the strengthening of the US Dollar (USD) ahead of highly anticipated inflation data on Friday.
However, this level is also considered an important support level as it has been a milestone in the past for gold's upward movement.
In terms of prospects, in my personal opinion, gold will continue to decrease to $1890 before new decisions by the Fed shed light on the next move for gold. The expectation is that it will be an upward trend for gold.
Yesterday, as predicted, we witnessed a highly unique performance of gold with a significant decline. Gold truly dropped to the level of $1900 per ounce, facing selling pressure due to the strengthening of the US Dollar (USD) ahead of highly anticipated inflation data on Friday.
However, this level is also considered an important support level as it has been a milestone in the past for gold's upward movement.
In terms of prospects, in my personal opinion, gold will continue to decrease to $1890 before new decisions by the Fed shed light on the next move for gold. The expectation is that it will be an upward trend for gold.
Comment:
waiting for gold to find our SELL 1905 entry
Comment:
The price of gold remains vulnerable near its lowest level in a month due to the strengthening US dollar and bets on the Federal Reserve raising interest rates. Gold prices showed signs of recovery below the $1,900 mark during Wednesday's Asian trading session, although there were difficulties in sustaining any significant rebound from the previous day's one-month low.
Comment:
Gold may increase slightly again on Unemployment Claims news tomorrow
Trade active:
As the current analysis shows, the bears are completely dominant, so gold's recovery cannot form immediately.
Gold prices (XAU/USD) hit a new monthly low as pressure from a strong US Dollar and high Treasury yields deepened after Federal Reserve policymakers ) finds further policy tightening appropriate
Gold prices (XAU/USD) hit a new monthly low as pressure from a strong US Dollar and high Treasury yields deepened after Federal Reserve policymakers ) finds further policy tightening appropriate
Comment:
BUY GOLD 1885-1883
SL 1880
TP 1900
SL 1880
TP 1900
Comment:
Sharks jumped in to manipulate the market so gold fell sharply in 1974
Comment:
The support zone has been broken
Comment:
Comment:
Trade closed: target reached:
