GOLD - STRONG BULL VOLUME
מעודכן
the gold price rose and crossed our target of $5650.
Gold prices rose in the European market on Wednesday, extending their gains for the fifth consecutive day, recording a new record level, to come very close to reaching the $2,700 per ounce barrier for the first time in history, supported by the current decline in the US dollar levels in the foreign exchange market.
Pessimistic comments from some Federal Reserve officials, along with weak economic data in the United States, led to an increase in the possibility of a 50 basis point cut in US interest rates next November.
Generally, the direction is uptrend.
Uptrend Side: currently the gold price is trading above 2650, and has also ended its correction. Now it is time to continue the bullish trade toward 2670 and above 2700.
Downtrend Side: The price requires a significant correction below 2650, followed by a move toward the 2625 support level. A confirmed break below this level should be indicated by the closing of a 4-hour candle to validate and initiate the downward trend.
Gold prices rose in the European market on Wednesday, extending their gains for the fifth consecutive day, recording a new record level, to come very close to reaching the $2,700 per ounce barrier for the first time in history, supported by the current decline in the US dollar levels in the foreign exchange market.
Pessimistic comments from some Federal Reserve officials, along with weak economic data in the United States, led to an increase in the possibility of a 50 basis point cut in US interest rates next November.
Generally, the direction is uptrend.
Uptrend Side: currently the gold price is trading above 2650, and has also ended its correction. Now it is time to continue the bullish trade toward 2670 and above 2700.
Downtrend Side: The price requires a significant correction below 2650, followed by a move toward the 2625 support level. A confirmed break below this level should be indicated by the closing of a 4-hour candle to validate and initiate the downward trend.
עסקה סגורה: היעד הושג
the price reached our target of 2671
about 4 Analysis per day.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
כתב ויתור
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