Today we have important news, directly affecting the market. After yesterday's sharp decline, the gold price has not yet had a recovery to test the trend, test the EMA, or test the resistance level. The H1 chart shows the inability of RSI, the gold market is no longer attractive, when sharks sell off gold into the market. In the 2 morning trading sessions, gold sideways in a very narrow range, and trading very slowly, it is estimated that gold will compress and accumulate, until GDP is announced.
Comment:
Comment:
⚡️Gold prices rose slightly in the early hours of Thursday's Asian session due to a slight weakening of the US dollar. Spot gold has a specific price of 1,876.63 USD/ounce.
Trade closed: target reached
