GOLD - Bullish Tendency
Mis à jour
Global gold prices rose during today’s trading, Friday, as recent data reinforced expectations of a Federal Reserve interest rate cut next month. Meanwhile, market participants are awaiting the U.S. Producer Price Index report for further guidance.
Generally, the direction is an uptrend
Uptrend Side: As long as it remains above this level, the target of 2,638 is achievable today. Additionally, breaking this level will be crucial for the price to confirm the bullish trend and target 2,623.
Correction: May the price rise toward 2625.
Downtrend Side: For any reason, if the 2,638 level is broken, especially with a 1-hour or 4-hour candle close, bearish momentum is likely to begin, targeting 2,625 and below 2605.
Generally, the direction is an uptrend
Uptrend Side: As long as it remains above this level, the target of 2,638 is achievable today. Additionally, breaking this level will be crucial for the price to confirm the bullish trend and target 2,623.
Correction: May the price rise toward 2625.
Downtrend Side: For any reason, if the 2,638 level is broken, especially with a 1-hour or 4-hour candle close, bearish momentum is likely to begin, targeting 2,625 and below 2605.
Trade fermée: cible de profit atteinte
according to our analysis, the price rose and reached our target of 2651 and above it at 2661.
about 4 Analysis per day.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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