Gold prices are currently facing significant upward resistance, and breaking through historical highs requires specific market catalysts. Major economic data releases, shifts in geopolitical dynamics, and the upcoming U.S. weekly jobless claims report are all critical factors that could impact gold’s trajectory. Additionally, a substantial appreciation of the U.S. dollar may exert further pressure on gold prices.
Therefore, in the short term, it is advisable to adopt a strategy focused on selling at high levels to achieve optimal profit targets.
Sell Range: 2685-2680
Buy Range: 2660-2665
XAUUSD GOLD GC1! MGC1!
Therefore, in the short term, it is advisable to adopt a strategy focused on selling at high levels to achieve optimal profit targets.
Sell Range: 2685-2680
Buy Range: 2660-2665
XAUUSD GOLD GC1! MGC1! Trade active
The gold price has dropped to 2667 again. It is just a little distance away from our buying position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.