GOLD - WILL REACH THE SUPPORT OF 2356
Mis à jour
Gold loses $25 and falls to its lowest levels in more than two weeks
Gold prices witnessed a clear decline during morning trading on Thursday, with the prices of the yellow metal recording their lowest levels in more than two weeks, as investors awaited the release of some important US economic data that may provide more clues about the possible date for the start of the US interest rate cut.
Financial markets are currently awaiting the release of preliminary GDP data for the second quarter in the United States later today, as well as data on US unemployment claims for last week, before the release of the personal consumption expenditures price index report for June on Friday.
Generally, the direction is down.
Downtrend Side: Currently, the gold price will try to touch the support of 2369, any breaking under it will touch 2356, Still, the price has a strong bearish volume, so breaking the 2356, bearish trend will be confirmed toward 2334 and 2327.
Uptrend Side: reversing and stabilizing above the resistance of 2392, the bullish trend will activate again.
Tendency Keys: 2356
Gold prices witnessed a clear decline during morning trading on Thursday, with the prices of the yellow metal recording their lowest levels in more than two weeks, as investors awaited the release of some important US economic data that may provide more clues about the possible date for the start of the US interest rate cut.
Financial markets are currently awaiting the release of preliminary GDP data for the second quarter in the United States later today, as well as data on US unemployment claims for last week, before the release of the personal consumption expenditures price index report for June on Friday.
Generally, the direction is down.
Downtrend Side: Currently, the gold price will try to touch the support of 2369, any breaking under it will touch 2356, Still, the price has a strong bearish volume, so breaking the 2356, bearish trend will be confirmed toward 2334 and 2327.
Uptrend Side: reversing and stabilizing above the resistance of 2392, the bullish trend will activate again.
Tendency Keys: 2356
Trade fermée: cible de profit atteinte
Note
The price reached our target of 2356, then reversed. Currently, the price trading above this level
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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