Gold Spot / U.S. DollarUpdated There is no longer a chance for gold to decrease.
The price range between 2004 and 1976 has been maintained by gold for more than a month. Since the conflict in the Middle East broke out, gold has been in this price range and is waiting for an opportunity to break through.
Instead of the Israel-Hamas conflict strongly affecting the gold market, it will now turn to a Fed rate cut, with the only question being when and by how much.
In the near future, the 2000 support zone will be a place for gold to rely on and maintain stability above the 2010 level.
Plan trading BUY GOLD 1975-1977 SL 1972
Instead of the Israel-Hamas conflict strongly affecting the gold market, it will now turn to a Fed rate cut, with the only question being when and by how much.
In the near future, the 2000 support zone will be a place for gold to rely on and maintain stability above the 2010 level.
Plan trading BUY GOLD 1975-1977 SL 1972
Trade active
Trade active
waiting gold hit entryNote
GOLD HIT trendline in zone 1972Note
BUY AGAIN 1971-1972 SL 1969
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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.