In the short term and on the 4-hour chart, GOLD is also neutral, with risks tilted to the downside. The pair is currently stuck around the bearish 20 SMA, which develops below as well as the bearish 100 and 200 SMA. Finally, technical indicators remain directionless, just below their midlines, reflecting the absence of speculative interest.
Spot gold edged higher at the weekly open, filling a gap later in the European session. GOLD traded at a high of 1,933$, falling from that high to now hover around 1,925$. The US Dollar trades in a limited range against most of its major rivals on a quiet start to the week and as market participants await fresh clues from central banks and updates. inflationary.
At the moment, gold has two possibilities: it will bounce to the 1940 zone or it will collapse around 1915. I predict
Stop loss is around 70pip for every signal you trade, we will profit together, if you want sell signal 100pip like yesterday then support me
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