💵GOLD PRICE AND ECONOMIC INFORMATION
Gold eased below $2,390 per ounce on Monday after rising over 1% in the previous session, but remained close to six-week highs, driven by increased expectations of early rate cuts by the Federal Reserve following soft US economic data. Friday’s data indicated a weakening US labor market, with the unemployment rate rising to a two-and-a-half-year high and wage growth falling to a three-year low.
🔴SELL GOLD: 2396 - 2398, SL: 2402
🟢BUY GOLD: 2362 - 2360, SL: 2356
⛔️Breakout: top border 2393 -2397 - below 2378 - 2369
🔼Support: 2378 -2370 - 2364 - 2360
🔽Resistance: 2385 -2393 - 2397
GOOD LUCK EVERYONE👍
Gold eased below $2,390 per ounce on Monday after rising over 1% in the previous session, but remained close to six-week highs, driven by increased expectations of early rate cuts by the Federal Reserve following soft US economic data. Friday’s data indicated a weakening US labor market, with the unemployment rate rising to a two-and-a-half-year high and wage growth falling to a three-year low.
🔴SELL GOLD: 2396 - 2398, SL: 2402
🟢BUY GOLD: 2362 - 2360, SL: 2356
⛔️Breakout: top border 2393 -2397 - below 2378 - 2369
🔼Support: 2378 -2370 - 2364 - 2360
🔽Resistance: 2385 -2393 - 2397
GOOD LUCK EVERYONE👍
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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.