My strategy
GOLD
for today
After the US Dollar sold off due to mixed US labor market data, the Greenback regained some bullish momentum against its major currencies at the start of the week, capitalizing on market anxiety. market ahead of important inflation data releases from both China, as well as the United States.
Gold prices continue to face rejection at the flat 50-day moving average (DMA) at $1,945, reinforcing selling interest towards a three-week low of $1,926.
Immediate support is seen at $1,930. Further south, a sustained break below the multi-week low of $1,926 is needed to extend the downtrend towards the $1,910 demand area.
GOLD
for today After the US Dollar sold off due to mixed US labor market data, the Greenback regained some bullish momentum against its major currencies at the start of the week, capitalizing on market anxiety. market ahead of important inflation data releases from both China, as well as the United States.
Gold prices continue to face rejection at the flat 50-day moving average (DMA) at $1,945, reinforcing selling interest towards a three-week low of $1,926.
Immediate support is seen at $1,930. Further south, a sustained break below the multi-week low of $1,926 is needed to extend the downtrend towards the $1,910 demand area.
Trade active:
signal is ready
