XAUUSD
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- Tendency the price attempt to reach a support trendline , indicating the price is under bearish pressure
- TURNING LEVEL : a blue line a round 2,323$ , which indicates two cases , the first cases until the price trade below 2,323 $ reach a support level , the second case the price breaking 2323$,the price reach resistance level
- RESISTANCE LEVEL : a green line , an area above the turning level , the gold price area for the resistance level 2,345$ , selling have already increase at this level
- SUPPORT LEVEL : a red line , an area below turning level , the gold price for the support level 2.302$ , buying have already increase at this level
- price movement : the price is under bearish pressure until trade below turning level at 2,323$ , it will attempt to reach support level at 2,302$ and 2,288$ , if the breaking this level the price trying to reach a resistance level at 2,345$ and 2,360$
TARGET LEVEL :
- RESISTANCE LEVEL : 2,345$ , 2,360$
- SUPPORT LEVEL : 2,302$ , 2,288$
Trade active
Note
After breaking 2,323$ the price reach to 2,327$ and then 2,345$ , but stable below 2,323$ , trying to touch 2,302$Note
Today, the price of gold is rising due to several factors:1. Geopolitical Tensions: Continued conflicts in the Middle East and Eastern Europe are driving investors towards safe-haven assets like gold.
2. Economic Uncertainty: Concerns about global economic stability and potential recessions are boosting gold's appeal.
3. Interest Rate Expectations: Anticipation of potential interest rate cuts by the Federal Reserve is increasing gold's attractiveness.
4. Central Bank Purchases: Ongoing gold purchases by central banks are supporting higher prices
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.