Long

GOLD → A correction before the final spurt to ATH - 2790 ?

has been shaking against the support at 2762 since the opening of the session. Most likely, the chances of ATH retest are still high. Dollar in correction gives chances to yellow metal lovers

GOLD → A U-turn? Medium-term targets. Up ahead, 2790

Traders faced profit taking as they await Fed statements and the Trump administration's actions on trade tariffs. U.S. tariff plans and PMI data continue to influence sentiment, the dollar and gold. Economically, the week ahead will be quite important with Fed rate, US GDP and PCE decisions.
Technically, gold tested a key support zone, but the price did not reach the risk zone where we could expect a trend reversal. We can assume that the extra passengers were dropped off the train, taking their money ;)

Resistance levels: 2762, 2790
Support levels: 2751, 2747

The focus at this point is on the 2762 level. If the gold can consolidate above this support, then we should wait for 2790. Still, this is an important zone that cannot leave speculators alone. We are waiting for ATH retest and false breakout.

Regards R. Linda!

RLinda

🌹TRADING is a CASINO💔!?

NO‼️

You❗️CAN and ❗️SHOULD make money in trading!

Join me, I'll guide you to PROFITABLE TRADING💵!

🟢Free Telegram Channel: t.me/RLindaTrade

🧿 Web: rlinda.com

🔴Contact: t.me/RLindaSignals

Also on:

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.