Yellow- facing psychological level

מעודכן
Dear beloved friends, Gold continues to rise as predicted and is currently trading at $1882. The main reason for this is the news from last night, which caused the USD to cool down and retreat to a defensive level. Let's delve into the technical analysis a bit:

Gold is facing a challenge near the $1900 region (resistance level). It is highly likely that after reaching a good increase, Gold will be rejected at this psychological level, leading to a downward movement with support at $1842 and even $1815.
הערה
good luck
עסקה פעילה
הערה
Investors are following the US preparing to announce the consumer price index (CPI) in August. Experts say that CPI can affect the currency market, affecting the trend of gold prices.
הערה
Gold price at the end of the session, the price decreases slight
הערה
Weekend gold analysis
ForexGoldHarmonic PatternsTechnical IndicatorsintradaytradelongsetupoptionsstrategiessignalsTechnical AnalysisTrend AnalysisXAUUSD

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