The continuation of the weekly trading range in gold
During the past week, the price of gold remained within the trading range of $1970 to $1938. This indicates that the market requires additional information in order to break out of this range. The upcoming release of inflation data and the Federal Reserve meeting next week will likely provide the market with the necessary clues.
Given the current circumstances, the likelihood of a breakout from this trading range is low today. It is reasonable to anticipate a further decline towards the central level of this range, specifically around $1955.
Given the current circumstances, the likelihood of a breakout from this trading range is low today. It is reasonable to anticipate a further decline towards the central level of this range, specifically around $1955.
Trade fermée: cible de profit atteinte
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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.