From a technical standpoint, today's outlook remains bearish, supported by the positive U.S. jobs data. The price is projected to reach 40,470 and 40,320, with a potential break below 40,320 paving the way toward 40,000. Alternatively, if the price stabilizes above 40,470, it may consolidate between 40,470 and 40,800.
Gold Futures Edge Lower on Profit-Taking as Market Awaits Fed Chair's Speech Gold markets remain relatively calm for now, but this is expected to change as the week progresses with the release of the latest Federal Reserve minutes and Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday.
Sell zone by the condition inside the channel. entry: under 1.3230 target: 1.3090 and 1.2990 & 1.2900 stop: 1.3300 risk 3%
Under the trend line will get 1.0910 then will try to get upward again But if can break 1.0900 then will try to touch 1.0820 ----------- strong resistance zone (1.1130 & 1.1185) above this zone will start the uptrend direction ----------- strong support zone (1.0900 & 1.0820) under this zone will start the new downtrend zone
will try to reach pivot line at 1949 then will try to get upward again till 1962 & 1970 ~under 1945 will try to get the retest to down till the trend line about 1930 & 1919 then again to up
after breaking the supply and demand zone the direction of BTCUSD can stable above it so it means will be more upward. -------------- Upside entry: above 42800 target: 45000 & 47800 sl.: 41300
~If the Price can break 1948 by open new candle above it then will try to get 1961 & 1972 & 1990 ----------------- ~under 1945 will try to get the retest to down till the trend line about 1930 & 1919 then again to up
Under the trend line will get 1.0910 then will try to get upward again But if can break 1.0900 then will try to touch 1.0820 ---------------- strong resistance zone (1.1130 & 1.1185) above this zone will start the uptrend direction --------------- strong support zone (1.0900 & 1.0820) under this zone will start the new downtrend zone