GOLD/ BEARISH SCENARIO
Gold prices jumped more than 1% on Thursday on short-covering after dipping to the lowest in a month earlier in the session, while the market awaited key U.S. data for further cues on the Federal Reserve’s policy trajectory.
Generally, the direction is a downtrend
Uptrend Side: to be a bullish trend, a break above the zone of 2640–2664, confirmed by a daily candle closing above this level, is required.
Downtrend Side: as long as the price trades below the zone of 2640–2664, the bearish trend will remain active toward 2606, which is the source of the bearish trend.
Tendency Keys: 2606
Generally, the direction is a downtrend
Uptrend Side: to be a bullish trend, a break above the zone of 2640–2664, confirmed by a daily candle closing above this level, is required.
Downtrend Side: as long as the price trades below the zone of 2640–2664, the bearish trend will remain active toward 2606, which is the source of the bearish trend.
Tendency Keys: 2606
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.