Dear friends, the price of Gold continues to decline below the 1800 USD mark, dropping from its highest level in the past 5 months. This is due to the Federal Reserve maintaining high interest rates, which affects the demand for non-yielding assets.
A clear upward trend has formed on the 1-hour time frame. My short-term trading idea is to place a buy order for Gold when it reaches the support level of 1972 USD, with an expected increase to 1991 USD. What are your thoughts on this?
A clear upward trend has formed on the 1-hour time frame. My short-term trading idea is to place a buy order for Gold when it reaches the support level of 1972 USD, with an expected increase to 1991 USD. What are your thoughts on this?
Transaction en cours
Commentaire:
Trade fermée: cible de profit atteinte
