rocketfortune

rocketfortune

TVC:GOLD OUTLOOK Gold on Monday (June 5) hit near $1936 levels, only to make a bounce from the NFP aftermath. My last week’s analysis covers XAU/$ to eye for $1985 as resistance, and $1925 as support. However those levels, were far from reach. Yet, Gold hits $1983 before NFP data and on Monday hit near $1937. Today’s session is indecisive. Gold trade in a...

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TVC:GOLD GOLD OUTLOOK SENTIMENTS: Gold set a new higher high around $1974 area. A break towards $1985 is too far to clenched. On Wednesday during New York session, a report on job opening is higher, a pre-lim data that could potentially affect the anticipated news Non-farm payroll data. If Non-farm Payroll is set to be higher than expected, a great economic...

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TVC:GOLD GOLD OUTLOOK SENTIMENTS: US JOLT JOB OPENINGS came in a swift 10.1M vs. 9.41M forecast. Generally, report shows an increase in job openings which seen as a positive economic indicator, leading in an increased investor confidence in the U.S. economy. Consequently, DXY soars, and the price of gold triggers a downward pressure on Wednesday (New York...

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TVC:GOLD "Gold's Upward Surge: Bulls Eyeing $1985 as Precious Metal Gains Momentum" MY COMMENTARY: Gold’s chart pattern as from my analysis yesterday, could hit $1936 to $1925 area. In today’s session the metal dip below $1932 before a swift powerful rebound towards $1955 (at the time of this writing). As my sentiment, whether or not Gold push towards $1985...

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TVC:GOLD Good may exit the wedge formed. $1,951 is the key level to watch and a breakthrough will signal a trend reversal from bearish to bullish. Gold is looking to hit $1,985 area once again. As my analysis last week, Gold hit below $1,951 after it bounce higher in the $1,985. As I said it will try to ditch lower to $1,925 making it a big support this week....

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TVC:GOLD Gold is in a downward trend. FOMC meeting eyes hawkish rate, putting pressure on Gold aftermath. If the Fed has hawkish rate, expect the XAU/USD to hit $1,951.24 (strong support). Further below that area will signal a more bearish trend, potentially targets $1,925-$1,928. SHORT-TERM: $1,925.67 MEDIUM-TERM: $1,900.54