Gold is trading around 3,328, rebounding after reaching a low of 3,320 and a high of 3,377 yesterday during the American session. Gold experienced strong volatility following US President Donald Trump's comments after hinting at Powell's dismissal.
Gold, according to the H4 chart, is within an uptrend channel, and a technical rebound is likely to occur in the coming hours around the 200 EMA located at 3,329, or it could even reach the bottom of the uptrend channel around 3,310.
Gold is likely to continue rising in the coming days and could reach the 7/8 Murray level at 3,398, which coincides with the top pf the uptrend channel.
Conversely, if there is a sharp break below the uptrend channel, we could expect a sharp drop towards the 3/8 Murray support at 3,242.
Gold is likely to continue rising over over the next few days, as the RSI indicator is showing a positive signal, suggesting that any technical rebound will be viewed as an opportunity to continue buying.
Gold, according to the H4 chart, is within an uptrend channel, and a technical rebound is likely to occur in the coming hours around the 200 EMA located at 3,329, or it could even reach the bottom of the uptrend channel around 3,310.
Gold is likely to continue rising in the coming days and could reach the 7/8 Murray level at 3,398, which coincides with the top pf the uptrend channel.
Conversely, if there is a sharp break below the uptrend channel, we could expect a sharp drop towards the 3/8 Murray support at 3,242.
Gold is likely to continue rising over over the next few days, as the RSI indicator is showing a positive signal, suggesting that any technical rebound will be viewed as an opportunity to continue buying.
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DAILY FREE SIGNAL. FREE SIGNAL (95% accuracy) TP AND SL PROVIDED
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
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t.me/CEO_PREMIUM_ANALYSIS
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
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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.