fortunamarkets

Gold Prediction(5/7/2024)

Short
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
in our last analysis, We had anticipated the price drop in gold. still, We believe the gold price XAUUSD has more room to fall more.

As you can see the price made a sharp decline last week. after that during the week corrected, right now geopolitical matters seem calm so the market is shorting gold.

Our technical view has been shown in the chart.

If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC

(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.