Gold Price holds steady at the highest level in four weeks during a four-day winning streak as market players await the key inflation clues from the US and Eurozone. That said, the recently downbeat US data have raised concerns about the Fed policy pivot and bolstered the OANDA:XAUUSD price.
Following that, a convergence of the Fibonacci 161.8% on one-day will join the Pivot Point one-day S2 to highlight $1,925 as the last defense of the Gold buyers.
On the flip side, the upper band of the Bollinger on the daily chart and Pivot Point one-day R1 restricts the immediate upside of the Gold Price near $1,950.
More importantly, the 100-DMA and Pivot Point one-day R2, close to $1,957–58, appears a tough nut to crack for the OANDA:XAUUSD bulls before rushing towards the Fibonacci 23.6% on one-month surrounding $1,970.
Note: The sell strategy is still active and supported by the crowd and investors. I expect a sell signal around 1950 and a buy signal around 1925. Good luck. Love❤️❤️❤️.
Comment
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Hello everyone. Today's signal will be to sell gold around the price range 1950 - 1948
SL : 1956
TP 1 : 1944
Tp 2 : 1940
Tp 3 : 1935
GOOD LUCK ❤️❤️❤️.