Plan Gold
Gold fell for the second consecutive week as the Dollar and TP yields increased again following hawkish comments from Powell and FED officials last week as the Israel-Hamas conflict calmed down.
Gold is currently under quite a lot of pressure as DXY increases, possibly sel
Gold today is trading around 1940. If it does not break through this zone, it can sell down to the expected target of 1933, further to 1921. The further sell zone is at resistance 1946, 1959 if gold breaks out of 1940. Currently the main trend is decreases, there will be a buying wave but the profit level will not be high, so I limit buying orders.
Gold is currently under quite a lot of pressure as DXY increases, possibly sel
Gold today is trading around 1940. If it does not break through this zone, it can sell down to the expected target of 1933, further to 1921. The further sell zone is at resistance 1946, 1959 if gold breaks out of 1940. Currently the main trend is decreases, there will be a buying wave but the profit level will not be high, so I limit buying orders.
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