As Dollar Index climbs to 104.46 Gold comes under pressure dropping to $1842
If Gold sustains below $1844-$1842 there is possibility of further decline to $1840-$1835 and even $1828
As Fed Chair J Powell testifies, we may witness increased volatility in Dollar and Gold.
If Gold manages to hold above support zone, we may see buyers coming and a rebound may
start aiming $1858 and $1868 with further upside momentum for $1878 resistance
Note: This projection is purely based on Technical structure and price action. This is not a Trading advice.
If Gold sustains below $1844-$1842 there is possibility of further decline to $1840-$1835 and even $1828
As Fed Chair J Powell testifies, we may witness increased volatility in Dollar and Gold.
If Gold manages to hold above support zone, we may see buyers coming and a rebound may
start aiming $1858 and $1868 with further upside momentum for $1878 resistance
Note: This projection is purely based on Technical structure and price action. This is not a Trading advice.
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.
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.