Today news will change the face of Gold or not ?
Updated
GOLD
OUTLOOK
Gold prices consolidated their gains during these moments of today’s trading, as investors appear to be enhancing their purchases ahead of the release of US employment data and the Federal Reserve’s preferred inflation index during this week.
The price of gold rose strongly yesterday, breaching our first target of 1924 and confirming the opening of the way for further gains, waiting to visit the 1943 , 1954 levels as the next main targets and waiting for news .
Therefor , an upward trend will be expected during the coming sessions , and the other hand keeping in mind that breaking 1932 it will support the price to build a negative momentum and it will start to retest the previous broken areas 1924
Additionally , Today news will affect the market directly .
support line: 1932 , 1924
resistance line : 1943 , 1954
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
Gold prices consolidated their gains during these moments of today’s trading, as investors appear to be enhancing their purchases ahead of the release of US employment data and the Federal Reserve’s preferred inflation index during this week.
The price of gold rose strongly yesterday, breaching our first target of 1924 and confirming the opening of the way for further gains, waiting to visit the 1943 , 1954 levels as the next main targets and waiting for news .
Therefor , an upward trend will be expected during the coming sessions , and the other hand keeping in mind that breaking 1932 it will support the price to build a negative momentum and it will start to retest the previous broken areas 1924
Additionally , Today news will affect the market directly .
support line: 1932 , 1924
resistance line : 1943 , 1954
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
as we mentioned the price will continue at the bullish trend and reached our first target and now to reach the second target should stable above 1943 and then will support the price to reach 1954
under 1943 will try to retest to 1932
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