Gold developments week 41. Recovery before recession
Updated
⚡️Market news
Gold price is about to have a new wind in the short term when the US Dollar (USD) has entered a consolidation phase after two consecutive days of downward adjustment from an 11-month peak. The soft sentiment surrounding the US Dollar can be attributed to the slightly upbeat mood during the Asian trading session this Friday, despite mixed developments in the Chinese real estate market.
⚡️Optimus's point of view
The slight recovery occurred after the release of the Non-Farm Payrolls (NFP) and the main resistance level of 1828-1830 was broken. Next week, it may retest the support zone and increase to touch Fibo 0.618.
Spot gold price rose to 1,833.00 USD in the late trading session on Friday after the US Non-Farm Payrolls (NFP) increased quite a bit but were still lower than the opening session at the beginning of the week.
Gold prices have been under great pressure as US Treasury bond yields reached their highest level in 17 years.
Although the dollar is increasing, the war situation in Israel is currently complicated, so the increase in gold is expanding.
⚡️Plan trading
Buy gold when gold retests the 1829-1829 price range
Long-term Gold Sell in 1863, 1880
Sell scalping point is at area 1847
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
Gold price is about to have a new wind in the short term when the US Dollar (USD) has entered a consolidation phase after two consecutive days of downward adjustment from an 11-month peak. The soft sentiment surrounding the US Dollar can be attributed to the slightly upbeat mood during the Asian trading session this Friday, despite mixed developments in the Chinese real estate market.
⚡️Optimus's point of view
The slight recovery occurred after the release of the Non-Farm Payrolls (NFP) and the main resistance level of 1828-1830 was broken. Next week, it may retest the support zone and increase to touch Fibo 0.618.
Spot gold price rose to 1,833.00 USD in the late trading session on Friday after the US Non-Farm Payrolls (NFP) increased quite a bit but were still lower than the opening session at the beginning of the week.
Gold prices have been under great pressure as US Treasury bond yields reached their highest level in 17 years.
Although the dollar is increasing, the war situation in Israel is currently complicated, so the increase in gold is expanding.
⚡️Plan trading
Buy gold when gold retests the 1829-1829 price range
Long-term Gold Sell in 1863, 1880
Sell scalping point is at area 1847
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
Note
good luck for your tradingNote
Gold is likely to have a price adjustment to 1827-1828 next weekNote
Are you ready for new weekNote
Emas mendekati entri penjualan pertama kami pada tahun 1864
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