GOLD Bearish Outlook.
Technically speaking, I anticipate the price of GOLD to drop further towards 2240 where a Fair value Gap and an Order block are. Looking at the daily timeframe, the precious metal is approaching the mid-point of a FVG, after a market structure shift at 2392. This seems like a short entry position.
Conversely, looking at the fundamental factors such as the anticipated Fed rate cuts, I am concerned to keep a closer look on gold prices as it might continue to rise in the long term.
I stand to be corrected as this is my perception about XAUUSD.
Conversely, looking at the fundamental factors such as the anticipated Fed rate cuts, I am concerned to keep a closer look on gold prices as it might continue to rise in the long term.
I stand to be corrected as this is my perception about XAUUSD.
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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.