GOLD/ Under FED decision pressure
Gold prices have been trending downward, falling below $2,757 on Monday due to pressure from a strengthening US dollar. This decline is largely driven by investor focus on the Federal Reserve's first meeting of 2025, which is expected to provide crucial insights into the future of interest rate policy. A stronger dollar often weighs on gold prices, as it makes the precious metal more expensive for international buyers, reducing demand.
Further declines in gold prices are anticipated, with the next support level at $2,732. This level is significant because it represents an area where buying interest has historically increased, potentially halting the downtrend. Should gold find support at this level, a recovery could follow, with the price attempting to break back above $2,757.
A 4-hour candle close above $2,757 would indicate renewed bullish momentum and open the door for a challenge of the last resistance high. If this resistance is surpassed, gold could move toward new highs as buying pressure intensifies. The trajectory will be influenced by market sentiment, developments from the Federal Reserve, and any shifts in global economic or geopolitical conditions.
Tendency Keys: 2,757
Resistance Line: 2,757, 2787, 2816
Support Line: 2732, 2696, 2666
Further declines in gold prices are anticipated, with the next support level at $2,732. This level is significant because it represents an area where buying interest has historically increased, potentially halting the downtrend. Should gold find support at this level, a recovery could follow, with the price attempting to break back above $2,757.
A 4-hour candle close above $2,757 would indicate renewed bullish momentum and open the door for a challenge of the last resistance high. If this resistance is surpassed, gold could move toward new highs as buying pressure intensifies. The trajectory will be influenced by market sentiment, developments from the Federal Reserve, and any shifts in global economic or geopolitical conditions.
Tendency Keys: 2,757
Resistance Line: 2,757, 2787, 2816
Support Line: 2732, 2696, 2666
about 4 Analysis per day.
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
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
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
about 4 Analysis per day.
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
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
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.