GOLD MAINTAINS BULLISH BIAS AMID MARKET CONSOLIDATION
The price of gold is currently fluctuating between 2,874 and 2,844 USD, indicating a consolidation phase. This suggests that the market is testing this zone before making a decisive move.
If the price respects the support and reverses, it is expected to resume the upward trajectory, breaking through the resistance zone and aiming for a new high around 2,910 USD or beyond. The ascending structure and overall trend suggest bullish momentum, provided there are no strong bearish catalysts in the market.
This movement aligns with previous patterns where price tends to test support before a continuation toward higher levels. The overall bias remains bullish unless a break below the critical support zones invalidates the setup.
Upcoming U.S. economic data could have a significant impact on gold prices. The release of Average Hourly Earnings and Nonfarm Payrolls will offer insights into wage growth and labor market strength, with expectations of 0.3% and 169K jobs added, respectively. A weaker-than-expected payrolls figure could signal a slowdown, potentially boosting gold as a safe-haven asset. Additionally, the Unemployment Rate and the Fed's Monetary Policy Report may influence expectations around future interest rates, further impacting market sentiment and gold's price movement.
Tendency Keys: 2874
Resistance Line: 2874, 2910.
Support Line: 2844, 2812, 2778
If the price respects the support and reverses, it is expected to resume the upward trajectory, breaking through the resistance zone and aiming for a new high around 2,910 USD or beyond. The ascending structure and overall trend suggest bullish momentum, provided there are no strong bearish catalysts in the market.
This movement aligns with previous patterns where price tends to test support before a continuation toward higher levels. The overall bias remains bullish unless a break below the critical support zones invalidates the setup.
Upcoming U.S. economic data could have a significant impact on gold prices. The release of Average Hourly Earnings and Nonfarm Payrolls will offer insights into wage growth and labor market strength, with expectations of 0.3% and 169K jobs added, respectively. A weaker-than-expected payrolls figure could signal a slowdown, potentially boosting gold as a safe-haven asset. Additionally, the Unemployment Rate and the Fed's Monetary Policy Report may influence expectations around future interest rates, further impacting market sentiment and gold's price movement.
Tendency Keys: 2874
Resistance Line: 2874, 2910.
Support Line: 2844, 2812, 2778
עסקה פעילה
The price increased and once again attempted to break the 2874 resistance level, reaching a new high of 2886. However, it then reversed back to its zone and resumed trading within it.
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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
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.
about 4 Analysis per day.
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
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
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.