GOLD movement around key support and resistance levels.
Hi Traders what's do you think about GOLD given suggestion in comments.
GOLD and its movement around key support and resistance levels. Based on your analysis, the market has reached a strong support zone at 2660, and we're expecting a pullback toward the resistance zone around 2772 to 2785. You also mentioned waiting for important fundamental events such as the Fed statements, Trump’s tariff plans, and PMI data, which could influence the price action.
This is a reasonable outlook, especially if the market remains sensitive to these events. Traders often take profit or hedge their positions ahead of major announcements, which can cause volatility. Technically, if Gold holds support at 2660, it could make its way back to the resistance zone, as you pointed out, especially if there’s no major shift in sentiment due to the upcoming events.
Are you planning to trade this move, or are you just observing the market for now?
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GOLD and its movement around key support and resistance levels. Based on your analysis, the market has reached a strong support zone at 2660, and we're expecting a pullback toward the resistance zone around 2772 to 2785. You also mentioned waiting for important fundamental events such as the Fed statements, Trump’s tariff plans, and PMI data, which could influence the price action.
This is a reasonable outlook, especially if the market remains sensitive to these events. Traders often take profit or hedge their positions ahead of major announcements, which can cause volatility. Technically, if Gold holds support at 2660, it could make its way back to the resistance zone, as you pointed out, especially if there’s no major shift in sentiment due to the upcoming events.
Are you planning to trade this move, or are you just observing the market for now?
if you like this analysis Please Support my work and fallow thanks for Love.
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Join my Telegram channel
t.me/+SFFwl7TAPDhkZDA0
Contact For Learning
t.me/GOLDFREESIGNALS134
t.me/+SFFwl7TAPDhkZDA0
Contact For Learning
t.me/GOLDFREESIGNALS134
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.