Gold Support Test - 2550 Zone
The initial reaction in gold to the rate cut announcement was strong, with bulls pushing up for a test of the 2600 level. But that didn't last for long and prices soon started a rather quick pullback. At this point there's already been a bounce from the 2544-2550 zone and that bounce has come on quickly.
Reading this, along with USD and USD/JPY, through the Asian session tonight will be important. If bulls can't hold the bid, the next spot of support comes into play around prior range resistance from 2527-2531, and, notably, that latter level is confluent with the 50% mark of the fibo retracement from the September major move.
Reading this, along with USD and USD/JPY, through the Asian session tonight will be important. If bulls can't hold the bid, the next spot of support comes into play around prior range resistance from 2527-2531, and, notably, that latter level is confluent with the 50% mark of the fibo retracement from the September major move.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.