Gold Price shows some Bearish Bias after testing 2008 resistance level , and it shows some bearish and negative pressure from sellers to retest 1945 key level.
Gold Price is successfully tested our previous target which was 1809 support zone , we predict for next week gold price to breakout through 1839 resistance and spike to 1860 level.
Gold is under strong bearish pressure and we predict to test 1809 level as next target
after we have been predicted that gold will Test 1903 zone , and target successfully hit , for now gold found some support at level 1916 and this support potentially tested to be sufficient for explode the price into 1945.20 zone. we are predicting that Gold Will Test 1945 Soon after breaching 1929 Resistance Level.
We believe that GBPUSD for Next week will fill this zone which is drawn. Only Negative CPI data can Change This Sentiment. US Dollar Index is Strong and Supported by Some strong fundamental data , and breakout to the zone is highly probable.
We believe that EURUSD for next Week will fill this zone that we have drawn. Only Negative US CPI Data can shift the market sentiment toward this Analysis
As Gold failed to break 1945.20 resistance level after some effort this forced a huge selling pressure to enter the market which is supported by fundamental data of NFP and PMI and Bond Yield and negative Data from China , the selling pressure could broke to 1929 support level and now 1929 level act as well-resistance level , after 2 test its potentially a intense...
For swing traders the market is showing a positive vibe for US Dollar as Index Prominently increasing and Government Bold Yields raising the Gold is decreasing and broke a multiple support level , for next week the condition based on fundamental analysis looks bearish market for gold and the data that is going to be released today will settle this analysis.
For swing traders the market is showing a positive vibe for US Dollar as Index Prominently increasing and Government Bold Yields raising the Gold is decreasing and broke a multiple support level , for next week the condition based on fundamental analysis looks bearish market for gold and the data that is going to be released today will settle this analysis.